Caldwell-Pope Exercises $21.6M Player Option with Memphis Grizzlies

According to a report by Shams Charania of ESPN, Caldwell-Pope has decided to exercise his player option for the upcoming season.

With this decision, the former Nuggets player will automatically renew with the Memphis Grizzlies, earning $21.6 million.

In his first season in a Grizzlies jersey, he averaged 8.4 points, 2.7 assists, and 2.5 rebounds per game.

Memphis Grizzlies guard Kentavious Caldwell-Pope is exercising his $21.6 million player option for the 2026-27 season, sources tell ESPN. pic.twitter.com/i4sBO1pyET

— Shams Charania (@ShamsCharania) June 19, 2026