Memphis Grizzlies guard Kentavious Caldwell-Pope is exercising his $21.6 million player option for the 2026-27 season, according to sources via Shams Charania of ESPN.
The decision ensures that the veteran wing will remain in Memphis for the final year of his current contract. Caldwell-Pope, a two-time NBA champion, has established himself as a premier "3-and-D" specialist in the league, providing the Grizzlies with critical perimeter defense and consistent outside shooting. His presence in the rotation remains a priority for a Memphis squad looking to maintain its standing as a contender in the Western Conference.
By opting into the $21.6 million salary, Caldwell-Pope bypasses the unrestricted free agent market this offseason. The move provides the Grizzlies front office with more clarity regarding their salary cap situation as they navigate the 2026 NBA offseason. The veteran continues to be a vital presence in a locker room headlined by stars Ja Morant and Jaren Jackson Jr.
This is a developing story. Check back for updates.
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