The Denver Nuggets clearly see Kentavious Caldwell-Pope as an integral part of their roster for the upcoming season. So much so, that the team has reportedly decided to extend KCP's deal for two more years to the tune of $30,000,000.

This report comes via ESPN's NBA guru Adrian Wojnarowski:

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Kentavious Caldwell-Pope has agreed on a two-year, $30M extension with the Denver Nuggets, sources tell ESPN.

Woj also reports that the second year of the deal also includes a player option for Caldwell-Pope, which means that if he so chooses, he can decide to walk away as a free agent in the summer of 2024.

Caldwell-Pope arrived in Denver just recently as part of a four-player trade deal with the Washington Wizards. In exchange for KCP, Ish Smith, and trade exceptions, the Nuggets sent Monte Morris and Will Barton to Washington.

The Nuggets wasted no time in securing Kentavious Caldwell-Pope to a new deal. The extension will now see the 6-foot-5 shooting guard remain in Denver through 2025 (if he opts to pick up his player option for 2024-25).

After helping the Los Angeles Lakers win a championship in 2020, KCP took his talents to Washington last season. In 77 games played last year, the 29-year-old averaged 13.2 points, 3.4 rebounds, 1.9 assists, and 1.1 steals per game, while also connecting on 2.1 triples per game on a 39.0 percent clip.

Caldwell-Pope is no star, but he could be a key piece for the Nuggets this coming season as reigning back-to-back MVP Nikola Jokic and Co. look to make a deeper run in the playoffs this time around.