The Lakers will be young and building around Lonzo Ball and Brandon Ingram, so a potential one-year addition of Caldwell-Pope could help the team's short-term growth.
With Bradley in the fold, the Pistons renounced their rights to Caldwell-Pope, making him an unrestricted free agent as they lost the right to match any offer sheet he signs.
The Pistons considered Caldwell-Pope expendable after swinging a trade Friday morning with the Boston Celtics to acquire shooting guard Avery Bradley, along with a second-round draft pick, in exchange for forward Marcus Morris.
The Pistons' move indicates they are preparing for next summer when Bradley will become a free agent.
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Caldwell-Pope's -1.4 nERD would position him 5th among Lakers players now locked in for the 2017-18 season.
Last year, he averaged 13.8 points on a career-high 35.0 percent shooting from three, including 36.8 percent on catch-and-shoot attempts. The Knicks will presumably sign Tim Hardaway Jr.as the Hawks are not expected to match the offer sheet.
Pulling back the rights to Caldwell-Pope gives Detroit some cap flexibility, albeit not much.