What happened: The Memphis Grizzlies and Kentavious Caldwell-Pope are closing in on a parting of ways, with the veteran guard potentially traded or turned into a free agent relatively soon, according to Chris Haynes. Both sides are working toward a resolution.

Why it matters: Moving on from Caldwell-Pope reshapes Memphis' backcourt and wing depth heading into the 2026-27 season. The development follows earlier signals that the Grizzlies and Caldwell-Pope were exploring ways to part, whether through a trade or by making him a free agent.

What to watch: Watch for whether Memphis finds a trade partner or ultimately releases Caldwell-Pope, and where the veteran guard lands if he reaches the open market.