Kentavious Caldwell-Pope To Decline Option, Become Free Agent

Kentavious Caldwell-Pope has decided to decline his $15.4MM player option with the Nuggets for the 2024/25 season, according to Shams Charania and Tony Jones of The Athletic, who report (via Twitter) that the veteran wing will become an unrestricted free agent.

The decision doesn’t necessarily mean Caldwell-Pope won’t return to Denver, but the Nuggets figure to face plenty of competition for the three-and-D specialist. Multiple teams with cap room are expected to pursue him, per Charania and Jones.

Caldwell-Pope, 31, played an important role on the Lakers team that won a title in 2020 and the Nuggets squad that won the 2023 championship. He has knocked down 40.3% of his three-point attempts over the last five seasons and is a strong perimeter defender.

While Denver would obviously like to bring back its starting shooting guard, a strong offer for Caldwell-Pope would likely push the team’s salary above the restrictive second tax apron. Speaking to reporters on Wednesday, Nuggets general manager Calvin Booth expressed a desire to re-sign Caldwell-Pope but suggested that the team has contingency plans prepared – including potentially sliding Christian Braun into the starting five – in the event that KCP leaves.

“I think we have to look at everything, and the nature of free agency is, he’s unrestricted,” Booth said. “So we can try to bring him back, and if he doesn’t want to come back or opts to go somewhere else, that’s his prerogative. So we’ll have to work with that. But I think we’re prepared to plug and play, so to speak.”

The Sixers and Magic are among the cap-room teams who have been mentioned as possible suitors for Caldwell-Pope, the No. 11 free agent on our top-50 list.