Kentavious Caldwell-Pope, the veteran shooting guard and two-time NBA champion, has signed a three-year, $66 million contract with the Orlando Magic after opting out of his $15.4 million player option with the Denver Nuggets. The Nuggets' decision not to match Orlando's offer was influenced by salary cap constraints, which would have placed them over the second apron. Caldwell-Pope, known for his defensive prowess and three-point shooting, will join a promising young core in Orlando. The Philadelphia 76ers and Dallas Mavericks were also interested in Caldwell-Pope, but the Nuggets were unwilling to facilitate a sign-and-trade with the Mavericks. The loss of Caldwell-Pope means that the Nuggets will likely move Christian Braun into the starting lineup.