Bayless was 6 for 6 on 3s -- five in the first half. He made 8 of 9 shots overall. Ed Davis had 14 points and seven rebounds for Memphis (4-2).
Paul Millsap scored nine of the Hawks' 14 first-quarter points. He finished with 19 points and eight rebounds before leaving the game with a sore left Achilles as a precaution late in the third quarter.
Jeff Teague had 15 points and Al Horford was held to eight points, five rebounds and five assists in 27 minutes.
The Hawks (1-4) went up 1-0 14 seconds into the game and never led again.
Bayless' shot at the buzzer gave Memphis a 53-40 lead at halftime.
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ATLANTA, GA - OCTOBER 20: Jared Cunningham #7 of the Atlanta Hawks goes up for the shot against the Memphis...