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Kentavious Caldwell-Pope has agreed to a buyout with the Memphis Grizzlies and plans to sign a one-year, $3.9 million deal with the Philadelphia 76ers after clearing waivers, sources tell ESPN.
The Grizzlies and Caldwell-Pope's agent, Klutch Sports CEO Rich Paul, finalized the buyout on Saturday to allow the veteran to join Philadelphia.
The two-time NBA champion with the Lakers and Nuggets, who was part of 2020 title alongside LeBron James in the bubble, gives the 76ers a wing shooter and defender.
Caldwell-Pope, 33, underwent surgery to address a misalignment on his right pinkie finger in February and missed the last 31 games of the season.
He averaged 8.4 points, 2. 7 assists, 2.5 rebounds and 21.3 minutes in 51 games for the Grizzlies last season, the fewest minutes and points per game since his rookie year. The 6-5 guard shot 49.5% on 2-point field goals and 31.6% from 3-point range.
Caldwell-Pope has been one of the league's preeminent 3-and-D players over the course of his career, but his 3-point shooting percentage has fallen off in recent years. After shooting at least 39% from distance from 2020-24, he hasn't been better than 34.2% over the last two seasons.