"Denver’s Kentavious Caldwell-Pope is declining his $15.4 million player option for the 2024-25 season to become a free agent, sources tell me and @Tjonesonthenba. Caldwell-Pope – a two-time NBA champion – is expected to receive interest from multiple teams with salary cap space. https://t.co/R1P8fhqBfn" via Shams Charania on Twitter

Think this was always going to happen but Nuggets have his bird rights so can likely match any offers and bring him back.