The Cleveland Cavaliers intend to waive recently signed shooting guard Patrick McCaw sometime before Monday, according to a report from Shams Charania of Stadium.
McCaw last week signed with the Cavs a two-year contract for $6 million as a restricted free agent from the Golden State Warriors. The Warriors did not match the offer, allowing McCaw to remain with the Cavs.
UPDATE: The Cavs have made this move official in a news release.
His contract becomes guaranteed unless the Cavs waive him by Monday. So this is clearly a business move, as a possibility remains McCaw could return to the Cavs at a cheaper rate.
“Cleveland, along with several playoff contenders, are expected to express interest in signing McCaw (unrestricted free agent) if he clears waivers,” Charania reported.
McCaw is averaging 1.7 points and 1.0 rebounds in three appearances with the Cavs. Those are his first three appearances this season as he had been holding out as a member of the Warriors.
He averaged 4.0 points in each of his first two seasons with the Warriors, who won the championship each time.