While attending the University of Maryland, College Park, Baxter won the 2002 NCAA championship along with teammates and future NBA players Juan Dixon, Steve Blake and Chris Wilcox by defeating Indiana.

[citation needed] Baxter was selected by the Chicago Bulls with the 15th pick of the second round (44th overall) of the 2002 NBA draft.

During the 2004–05 season Baxter played some games for the Greek A1 League team Panathinaikos, before getting injured and agreeing with the club for his release.

On August 16, 2006, Baxter was arrested in Washington, D.C., only a few blocks from the White House after firing a .40 caliber Glock handgun into the air.

"There's no good reason for a person who's not working in law enforcement or presidential protection to be in possession of a loaded weapon within blocks of the White House, let alone to fire it into the air," Iscoe said.