Kentavious Caldwell-Pope has reached a buyout agreement with the Memphis Grizzlies, forfeiting nearly $3.9 million. He will sign a minimum-salary contract with the Philadelphia 76ers after clearing waivers, resulting in a cap hit of approximately $2.4 million for Philadelphia. The buyout lowers Caldwell-Pope's cap figure with the Grizzlies from over $21 million to about $17.7 million. Memphis remains over the cap, allowing them to retain valuable trade exceptions. Other contract details from around the league include new deals for players Tonje, Phillips, Ingram, and Bufkin.

By the Numbers
  • $3,876,529 – Amount Caldwell-Pope gave up in his buyout with the Grizzlies.
  • $2,449,421 – Cap hit for Philadelphia after signing Caldwell-Pope.
State of Play
  • Grizzlies' salary cap reduced to approximately $17.7 million after buyout.
  • Memphis is under the $165 million cap with around $160 million in salary obligations.
What's Next

Caldwell-Pope's integration into the 76ers will be observed during training camp, as they seek to bolster their roster for the upcoming season. Players like Tonje and Phillips may find themselves in two-way contracts before the regular season begins.

Bottom Line

The buyout signifies Caldwell-Pope’s strategic move to join a contending team while allowing the Grizzlies flexibility in managing their roster and salary cap for future trades.