11:04am: The Pistons are renouncing Caldwell-Pope, which will make him an unrestricted free agent, tweets ESPN’s Adrian Wojnarowski.
The timing of the move is interested, since the Nets’ cap room may be tied up for several days as they wait for official word from the Wizards on Porter. We’ll see if Caldwell-Pope waits on Brooklyn or quickly pursues a deal with another team.
11:02am: In the wake of their trade agreement for Avery Bradley, the Pistons are prepared to move on from Kentavious Caldwell-Pope, reports Vince Ellis of The Detroit Free Press (Twitter link). According to Ellis, Detroit is looking to add “two more guys” to its roster. But Caldwell-Pope may not be one of them.
[RELATED: Celtics to trade Avery Bradley to Pistons]
Talks between the Pistons and Caldwell-Pope haven’t progressed so far, as Brian Windhorst of ESPN tweeted earlier today. Windhorst noted that there’s a possibility Detroit will pull Caldwell-Pope’s offer and make him an unrestricted free agent. While that hasn’t happened yet, it doesn’t look like the Pistons will match a big offer sheet for KCP.
Caldwell-Pope, 24, is viewed as one of the top two-way wings left on the market, but the qualifying offer he received from the Pistons gives Detroit the opportunity to match any offer sheet he signed. However, having added Langston Galloway, Eric Moreland, and Bradley, the Pistons have upwards of $109MM in salary commitments and have a hard cap of $125.266MM.
While Caldwell-Pope may not receive a maximum salary deal, any offer worth more than about half the max would put the Pistons in a tough spot. And with Galloway and Bradley now in the mix, the team’s need for another guard has diminished — especially since Bradley can provide the sort of three-point shooting and defense that KCP did.
A report from ESPN’s Adrian Wojnarowski earlier today suggested that the Pistons may be aggressive in trying to extend Bradley, but the club’s cap situation limits its ability to make a competitive offer. Ellis (Twitter link) hears from a source that Bradley won’t do an in-season extension since the money is too low, but the team still hopes to have him long term in Detroit. He’ll be an unrestricted free agent next summer and the Pistons will hold his Bird rights.
Whether or not Caldwell-Pope’s qualifying offer is rescinded by the Pistons, it may make sense for his camp to wait to see what happens with the Nets and Otto Porter. The Wizards are expected to match Brooklyn’s offer sheet for Porter, and Caldwell-Pope may be next up on the Nets’ wish list.