Grizzlies guard Kentavious Caldwell-Pope is expected to exercise his $21.6MM option for the 2026-27 season, Michael Scotto of Hoops Hype reports (Twitter link). It’s the last year of a 3-year, $66MM deal negotiated by Rich Paul of Klutch Sports.
It comes as no surprise that KCP chose to take the guaranteed money rather than test the free-agent market. It’s been an abbreviated season for the veteran wing, who underwent season-ending surgery in February to address a misalignment of his right pinky finger.
Caldwell-Pope, who was acquired from Orlando last summer in the Desmond Bane trade, made 51 appearances in ’25/26 for the Grizzlies, averaging 8.4 points, 2.7 assists and 2.5 rebounds in 21.3 minutes per game. His shooting line was .410/.316/.913.
His salary for next season is second on the club behind Ja Morant‘s $42,166,510.
The 33-year-old was a quality three-and-D contributor for several years, winning a pair of championships (with the Lakers in 2020 and the Nuggets in 2023) as a key role player. However, his production has fallen off for the past two seasons, particularly from behind the arc — he shot 38.9% from three-point range in the seven seasons leading up to 2024/25, but has converted just 33.3% of his 3-point shots since that point.
His lone season with the Magic, who signed him to his current deal, was also a disappointment, as he averaged 8.7 points in 77 starts.
Nobody is going to offer him more so might as well get the money. Grizzlies will use him in a trade or buy him out.
Water is wet