Caldwell-Pope declined his $15.4 million player option for the 2024-25 season Thursday and will become a free agent, Shams Charania of The Athletic reports.
Caldwell-Pope was remarkably consistent for the Nuggets over the past two seasons, and he averaged 10.1 points, 2.4 rebounds and 2.4 assists in 31.6 minutes per game over 76 regular-season appearances last year. He'll test the open market this summer, and he should draw interest from multiple teams.