Former Denver Nuggets point guard Collin Gillespie has agreed to sign with the Phoenix Suns on a two-way contract, ESPN’s Adrian Wojnarowski reported Monday.

He is the second two-way player who has agreed to sign with the Suns. Phoenix signed rookie wing Jalen Bridges out of Baylor immediately following the NBA Draft.

Gillespie posted “new beginnings” on social media following the report.

NBA teams are allowed to max out at three two-way players.

Gillespie, 25, played in 24 games for the Nuggets last season, averaging 3.6 points, 1.1 assists and 0.6 steals in 9.4 minutes per game.

The 6-foot-1, 195-pound guard shot 46.4% and 39.5% from three.

Gillespie played five years at Villanova, finishing school in 2021-22 by averaging 15.6 points and 3.2 assists per game.

He signed with Denver and was a member of their title team despite missing the season due to a leg fracture.

He brings value as a depth option at point guard, which Phoenix has yet to address in the draft or the first few days of free agency.

The Suns were without a traditional point guard last season. Devin Booker and Bradley Beal served as the Suns’ floor generals more times than not, while starter Grayson Allen was often left to defend the opposing point guards.

NBA veteran Isaiah Thomas was brought in late for a seven-game run that included a playoff appearance, though he only averaged four minutes per game and didn’t break into the rotation. Two-way guard Saben Lee occasionally played a role off the bench, though not a consistent one.

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For the past few weeks, the Denver Nuggets have been bracing for the possibility of losing starting shooting guard Kentavious Caldwell-Pope. As the days got closer to Sunday’s start of free agency, those fears inside the organization turned into acceptance and resignation. The Nuggets knew, even though it made what they felt to be a competitive offer, that Caldwell-Pope was likely to leave.

That likelihood turned into reality during the first hour of free agency as Caldwell-Pope agreed to a three-year deal with the Orlando Magic, making the Magic stronger while weakening the Nuggets. It marks the second consecutive offseason the Nuggets have lost a key piece from the team that won the 2023 NBA championship.

The Nuggets need to figure out a way to replace what Caldwell-Pope brought to the roster on and off the court. It won’t be easy in either aspect.

Below is a breakdown of the challenges the Nuggets face and what they can do next.

Why is this loss so substantial?

The Nuggets didn’t become championship competitive until they started stopping people at the point of attack on defense. And they didn’t become demons on defense until they brought in Caldwell-Pope. Defenders such as Caldwell-Pope were able to help mitigate Nikola Jokić’s lack of rim protection.

Caldwell-Pope, while being one of the best perimeter defenders in all of basketball, also hit 41.5 percent of his 3-pointers in his two seasons in Denver and he made a habit of hitting big shots.

He proved to be a good fit in Denver’s offensive scheme because he moved so well without the basketball. He took advantage of his opportunities and never hijacked the offense while maintaining terrific chemistry with Jokić and Jamal Murray.

His value in the locker room was almost as great, if not even greater. He provided a voice of competitive calm. After winning the 2020 title in the NBA bubble with the Lakers, he brought with him a championship pedigree and spoke often about what it was like to win at the highest level. He was the only player on the Nuggets roster who experienced a title before 2023. He translated that experience to his teammates.

Caldwell-Pope often took on difficult perimeter assignments, so Murray wouldn’t have to tax himself defensively. He is the very definition of a veteran who wore many hats and allowed more celebrated teammates to thrive. As a result, his presence won’t be easily replaced.

Why did this happen?

The Nuggets made a competitive offer but the new rules and penalties brought by the NBA’s collective bargaining agreement hurt Denver in this instance. Had the Nuggets retained Caldwell-Pope, they would likely have gone into the second tax apron, which would severely limit how a team can construct a roster. Here is what happens if you are a team in the second apron:

• No access to any mid-level exception in free agency.
• Can’t aggregate contracts in trades
• Can’t send cash in trades
• Can’t sign and trade your own player
• Can’t trade a first-round pick seven years in the future, and that pick falls to the bottom of the first round if the team is also above the second apron in two of the ensuing four years

Denver made a competitive offer to Caldwell-Pope, but when the race is a tie, you essentially have a 50 percent chance of losing that race. The Nuggets ended up losing the race. It also should be noted that even if Denver had been able to keep Caldwell-Pope, the Nuggets likely would be in the same boat next summer with Aaron Gordon.

In losing Caldwell-Pope, the Nuggets now have access to the $5.18 million taxpayer midlevel exception. They likely aren’t finding a starter with that kind of money. But they can find a rotation player with that. That leads us to …

How does Denver replace Caldwell-Pope?

The Nuggets are exploring the trade market and canvassing free agency. Yet, if the Nuggets’ roster largely stays the same, Christian Braun is in line for a big jump in playing time and responsibility. Elevating Braun to the starting lineup could be a mixed bag. Braun is bigger and more athletic than Caldwell-Pope. He’s a similar defender, and a tough, competitive player. He’s a much better player in transition than Caldwell-Pope.

But he’s not nearly the same level of shooter. He’s also not as good a creator off the dribble and creating off the bounce wasn’t Caldwell-Pope’s strength.

There is a question as to whether or not the Nuggets give Julian Strawther a chance at starting, and keep Braun as the sixth man, but playing Braun 30-plus minutes a game. Strawther is a terrific shooter. The former first-round pick out of Gonzaga is long and rangy for a shooting guard at 6 foot 7. He’s more creative off the dribble than given credit. His presence helps offensively and helps the spacing of the offense.

However, Strawther isn’t a great defender and he must get better.

Peyton Watson also is in line for an uptick in minutes, although he is likely to come off the bench, no matter what happens.

What do Nuggets need?

Internal development will aid the Nuggets here. They need Strawther, Hunter Tyson and Jalen Pickett to come back as better players, because, with the trade of Reggie Jackson to Charlotte, the Nuggets now no longer have a backup point guard. The Nuggets will need to find one in the coming days. Denver needs a lead from Braun and Strawther. The Nuggets need Michael Porter Jr. to continue to improve what he does as well.

This is the reality of the new collective bargaining agreement. Teams are going to have to spend wisely and choose wisely. It becomes more difficult to maintain a championship-level core, and Nuggets general manager Calvin Booth knows that.

Losing Brown last year and Caldwell-Pope now is difficult. It puts an onus on the Nuggets to hit on most roster moves. Denver is in the middle of Jokić’s prime and wants to maximize a winning window. It’s going to require more creativity than ever to get that done.

Are the Nuggets done as title contenders?

No. Not as long as Jokić is in his prime, and not as long as Murray can stay upright and healthy. No matter what happens the rest of the offseason, Denver is a prime threat to come out of the Western Conference and win a title. But they probably aren’t the best team or the second-best team in the league. They aren’t title favorites, but it’s unfair to strip them of the label of title contenders.

What does that mean? The Dallas Mavericks were contenders to get out of the Western Conference, not favorites. They caught fire and played well at the right time. They encountered some favorable matchups and they made the NBA Finals. Barring a major upgrade in the coming days, that’s probably where Denver is heading into next season. The Nuggets will win 50-plus games, provided they stay healthy. They will garner a high playoff seed. From there, it will be a battle for them.

It’s not an insurmountable place to be, just a more difficult place to be.

Required reading

Robbins: Kentavious Caldwell-Pope intends to sign 3-year, $66 million deal with Magic
NBA free agency 2024: Kentavious Caldwell-Pope leads top available shooting guards

(Photo of Jamal Murray and Kentavious Caldwell-Pope: AAron Ontiveroz / The Denver Post)

It might’ve actually been fitting that the first hours of NBA free agency were unexpectedly quiet for the Nuggets. Too quiet.

There will be roster moves in Denver. That’s a certainty. Vlatko Cancar and DeAndre Jordan are each likely to return on one-year deals, league sources told The Denver Post, and that still leaves two roster spots unoccupied. The Nuggets will be able to use the $5.2 million taxpayer mid-level exception to fill one of those. They are staying active in the trade market as well, even kicking the tires on Russell Westbrook.

But yes, it’s fitting that no concrete roster additions occurred Sunday between the start of free agent negotiations (4 p.m. MT) and the print deadlines of the local newspaper. While the Nuggets’ front office was busy, no doubt, the rest of Denver was stuck with nothing to reflect on except a loss.

What does the departure of Kentavious Caldwell-Pope to Orlando, reported first by USA TODAY’s Jeff Zillgitt, for three years and $66 million mean?

First off, it’s not as simple as a downright indictment of ownership’s willingness to spend, nor does it set a precedent that Denver will never be a second-apron team under any circumstance during the life of this CBA. The Nuggets, according to The Athletic, showed serious interest in trading for Paul George before the draft, for example.

A league source confirmed to The Post that Denver was briefly in talks with the Clippers about George, though it’s questionable how far along those conversations got. An extend-and-trade would have required Michael Porter Jr., Zeke Nnaji and draft picks. What’s the point of that information? Interest in a player of George’s pedigree and salary, especially as an outsider rather than as the team drafting and developing that player, indicates a pretty clear openness to spending.

Choosing whether to wade into the second-apron morass is about more than whether an owner is too cheap to pay the luxury tax bill. It’s a question of whether certain moves, certain contracts, are worth sacrificing roster flexibility. If the Nuggets went into the second apron to keep Caldwell-Pope, they would not have been able to even entertain a trade like that one. So far, the Nuggets have given no reason to believe they won’t exceed the second apron if they view it to be worth the competitive risks. General manager Calvin Booth said as much after the season ended.

“I think for me personally, it’s win a championship, one. Two, we have to look at the overall financial picture. And three, second apron,” he said then when asked about Caldwell-Pope. “And I know the second apron is daunting, and there’s all kinds of restrictions, but I don’t think that’s first on our priority list.”

The overall financial picture includes more than just this free agency cycle. It includes a future when Denver could be trying to juggle increased salaries for Jamal Murray and Aaron Gordon with extensions for Christian Braun and Peyton Watson. What if that duo is on the rise two offseasons from now, and Caldwell-Pope is starting to decline? Being on the hook for $22 million to a 33-year-old Caldwell-Pope could come back to bite. Only time can tell.

Anyway, in a more immediate sense: The loss of Caldwell-Pope despite possessing his full Bird rights reads as a full-hearted bet on Braun, whose most recent impression was out-defending KCP against Minnesota in the playoffs.

They’re very different players. (Make no mistake: As of July 2024, Caldwell-Pope is a better one.) Defensively, Braun might not be quite as tenacious a screen navigator as KCP, but he’s much bigger for a two-guard. He’s a formidable point-of-attack and help defender already at age 23, and he can hold his own in the post against other physically overpowering guards and forwards, from LeBron James to Anthony Edwards to Luka Doncic. Considering that Braun is only two years into his NBA career, it’s reasonable to believe he’s on his way to being regarded as an elite wing defender in the same light as Caldwell-Pope.

The offensive fit is the biggest uncertainty. Braun plays at a fast, downhill pace with the ball — athletic and fearless at its best, rushed and messy at its worst — that doesn’t theoretically mesh with the methodical, cerebral identity of Denver’s starting lineup. However, Nikola Jokic has always rewarded good cutters, and Braun does have a good feel for when to pounce on open space or dive to the rim. If anyone can optimize his off-ball effectiveness, it’s this lineup.

Of course, shooting is an inevitable aspect of good off-ball offense as well. Only Braun can optimize that for himself. Nuggets coach Michael Malone has labeled Braun’s 3-point percentage as a defining factor in his potential as a starter.

Braun is more than fine above the break — 42.9% last season to Caldwell-Pope’s 39.6%. But KCP shot 11% better in the corners on way higher volume. That’s an area where Braun needs to keep developing his shot if the Nuggets want effective floor-spacing with him planted there. It could also benefit him to diversify his midrange game. He barely attempted any shots outside the paint but inside the arc last season, and he only made 32% of his shots in the midrange. Jokic is one of the best dribble handoff centers in the NBA, and he got efficient value out of Caldwell-Pope by turning DHOs into 15-foot pull-up jumpers.

Only 10 players in the NBA attempted more shots out of DHOs and made them at a higher rate than Caldwell-Pope (43.2% on 88 attempts). He was even more effective than Porter within that play-type, according to the NBA’s data. As of now, swapping in Braun means subtracting that skillset.

But even if Braun doesn’t develop that, he makes up for the subtraction with the addition of his off-the-dribble upside. He’s not a great ball-handler, but he has the strength and gumption to drive into traffic and finish through contact, unlike Caldwell-Pope. If Braun can refine that and eliminate the inconsistency, it would add a new layer to a starting lineup that lacks burst off the dribble. Opponents will dare Braun to attack them when the ball finds him within the flow of Denver’s offense. He’ll be thrown into the fire quickly.

Ultimately, Braun has displayed the two-way athleticism and early signs of shooting prowess to prove to Denver’s front office that he’s worth a vote of confidence. He had a 15.4 net rating last season when he shared the floor with Jokic, and if Caldwell-Pope’s minutes are to translate even somewhat directly to Braun next season, it means the KU alum is about to be on the court with Jokic more than any other Nugget.

But until further notice, Sunday was the end of a miniature era: the day the Nuggets had to forfeit their claim to the title of Best Starting Five in the NBA.

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