League sources told ESPN that Calderon is planning to sign with the Golden State Warriors provided he clears waivers Wednesday at 5 p.m. ET.
Sources say Bogut, meanwhile, will speak to officials from the Cleveland Cavaliers, San Antonio Spurs, Houston Rockets and Boston Celtics before choosing his next team. He also is scheduled to clear waivers Wednesday at 5 p.m. ET.
ESPN reported Sunday that the Cavaliers are the favorites to land Bogut after signing the Australian big man's former Dallas Mavericks teammate Deron Williams on Monday. Two Mavericks sources told ESPN's Tim MacMahon that they expect Bogut to choose Cleveland after he talks to interested teams.
Because both Calderon and Bogut were waived before Wednesday, they retain playoff eligibility with their next team.
Some key figures within the Warriors' organization preferred Jennings, but the process was already too far along with Calderon.
ESPN's Chris Haynes contributed to this report.