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 Saturday.

A two-time NBA champion, Caldwell-Pope was part of the Lakers' 2020 title run alongside LeBron James before winning his second ring in 2023 with the Nuggets. The 33-year-old underwent surgery to address a misalignment of his right pinkie finger in February and missed the last 31 games of the season.

Before the injury, he averaged 8.4 points, 2.7 assists, 2.5 rebounds and 21.3 minutes in 51 games for the Grizzlies, 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, but his 3-point shooting percentage has fallen off in recent years. After shooting at least 39% from distance from 2020 to 2024, he hasn't been better than 34.2% over the past two seasons.