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Contract Details: KCP, Tonje, Phillips, Ingram, Bufkin
['Luke Adams']
Hoops Rumors
Veteran swingman Kentavious Caldwell-Pope gave up $3,876,529 in his buyout agreement with the Grizzlies, Hoops Rumors has confirmed (hat tip to Michael Scotto of HoopsHype).
That’s the exact amount that Caldwell-Pope will earn on the minimum-salary contract he intends to sign with the Sixers after clearing waivers.
The buyout reduces Caldwell-Pope’s cap charge on the Grizzlies’ books from $21,621,500 to $17,744,971.
Memphis will continue to operate as an over-the-cap team, however, since doing so will allow the club to hang onto its $28.9MM trade exception for Jaren Jackson Jr., among other cap exceptions.
Here are a few more contract and cap details from around the NBA: