Andrew Bogut will clear waivers today and is expected to sign with the Cavaliers shortly thereafter, meaning the team has to clear a spot on its 15-man roster. According to Dave McMenamin of ESPN.com (via Twitter), Cleveland will create that opening by waiving Jordan McRae. The Cavs have since confirmed the transaction in a press release.
McRae, who will turn 26 later this month, appeared in 37 games for the Cavs this season, averaging 4.4 PPG in 10.4 minutes per contest. Although the club guaranteed McRae’s full-season salary by keeping him on the roster through January’s guarantee deadline, the 6’6″ guard was mentioned in multiple trade rumors in recent weeks, suggesting he may not finish the season in Cleveland.
After initially joining the Cavs down the stretch in 2015/16, McRae earned a minimum salary (about $875K) for the team this season. Assuming McRae goes unclaimed on waivers, the Cavs will remain on the hook for that cap hit, but won’t carry any dead money beyond the current league year — the former second-round pick had been on track for restricted free agency this summer.
If McRae does catch on with another NBA team, he’ll retain his playoff eligibility, having been waived before the end of the day on March 1.