Cole Anthony Contract

Last Modified Feb 24, 2024 06:39 GMT
Cole Anthony Contract
Cole Anthony

Cole Anthony is an American basketball player who currently plays for the Orlando Magic. Born on May 15, 2000 in Portland, Oregon, Anthony has been immersed in basketball from an early age, influenced by his father Greg Anthony, a former NBA player.

He attended Archbishop Molloy High School in Briarwood, New York, where he excelled in his freshman year, averaging 16.9 points and 6.7 rebounds per game and earning All-Catholic High School Athletic Association (CHSAA) Class AA second team honors. In his sophomore year, Anthony led Molloy to the CHSAA Class AA city championship finals.

Anthony transferred to Oak Hill Academy for his senior year, where he posted impressive stats, averaging 18.5 points, 10.2 rebounds, and 10.2 assists per game, leading the team to a 31–5 record. He became the first player in school history to average a triple-double, solidifying his status as a top recruit. By the end of his high school career, Anthony was widely regarded as a five-star recruit, ranked among the top five players in his class, and hailed as the number one point guard prospect.

After one and done season at the University of North Carolina, Cole Anthony declared for the NBA draft and was selected by the Orlando Magic with the 15th overall pick in the 2022 NBA draft. Since joining the Magic, Anthony has become a vital part of Orlando's bench, as of February 2024.

Cole Anthony Contract Breakdown

YearBase SalarySigningBonusCap HitDead CapYearly Cash
2023-24 $5,539,771-$5,539,771-$5,539,771
2024-25$12,900,000$12,900,000-$12,900,000
2025-26$13,100,000-$13,100,000-$13,100,000
2026-27(Team Option)$13,100,000-$13,100,000-$13,100,000

How much is Cole Anthony getting paid?

According to Sportrac, Cole Anthony signed a four-year rookie scale contract with the Orlando Magic worth $15,887,971. As per the agreement, Anthony played through all four years of the contract resulting in him receiving the entire amount which means Anthony will have received an average annual salary of $3,971,993 until the end of 2023/24 NBA season.

Moreover, Anthony has already signed a three year, $39.1 million part-guaranteed contract extension with the Orlando Magic. First two years of that deal are guaranteed while last year, the 2026/27 season is not guaranteed as it has a team option in it.

So, Anthony is under contract with the Orlando Magic at least until 2026, and he is set to earn a total of $41,887,971 by 2026.

How much does Cole Anthony make in a minute?

Cole Anthony's salary for the 2023-24 NBA season amounts to $4,765,339. Now, one year is known to have 525,600 minutes. So if we divide his total salary by the number of minutes available in a year, then Victor Wembanyama makes around $9.06 per minute.

Cole Anthony Career Earnings

Cole Anthony has earned $15,887,971 from his NBA contracts.

What are the terms of Cole Anthony’s contract?

Cole Anthony has signed a four-year rookie scale contract with the Magic worth $15,887,971. The contract length was from 2020 to 2024, and there were team options for the 2022-23 and 2023-24 seasons. These team options are already exercised by Orlando.

How much of Cole Anthony ’s contract is guaranteed?

Anthony’s entire contract became guaranteed at $15,887,971 since the Orlando Magic exercised their team options.

Cole Anthony Contract History

These are all the contracts that Cole Anthony has signed in his career till now.

November 21, 2020

Cole Anthony agreed to a four-year, $15.89 million rookie scale contract with the Orlando Magic.

October 23, 2023

Anthony signed a three-year, $39.1 million contract extension with the Orlando Magic.

FAQ's On Cole Anthony Contract

A. Cole Anthony has a three year contract worth $39.1 million with the Orlando Magic that will end either in 2026 or in 2027 depending upon Orlando’s decision about the team option in 2026/27 season.

A. Cole Anthony is 6 feet 2 inches tall. 

A. Cole Anthony is 23 years old as of February 2024.

A. Cole Anthony played college basketball at the University of North Carolina.

A. According to online sources, the net worth of Cole Anthony is estimated at around $4 million as of 2024.

A. Cole Anthony plays as a point guard in the NBA. 

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