5:24pm: The Cavs have officially waived McCaw, according to a press release from the club.
3:35pm: The Cavaliers are planning to waive guard Patrick McCaw, tweets Shams Charania of The Athletic. McCaw signed a non-guaranteed two-year, $6MM offer sheet with the team in restricted free agency, appearing in just three games.
Several playoff contenders are expected to express interest in McCaw, according to Charania, who adds that Cleveland will also be interested once he reaches free agency. The move allows McCaw to enter unrestricted free agency once he clears waivers in 48 hours, although there’s an outside chance he gets claimed on waivers by the end of Sunday, Marc J. Spears of ESPN’s The Undefeated reports (Twitter link).
“I bet on myself and stayed positive,” McCaw said shortly after signing in Cleveland following months of failed negotiations with the Warriors, as relayed by Tom Withers of AP. “A lot of guys in my position being 22 or 23 years old probably would never take that chance because they don’t know what the outcome could possibly be. I know I had injuries and things like that last season and I’ve just been continuing to work and get better and constantly make strides within myself. That’s how I’ve always been. Just focusing on myself, getting better within myself and telling myself I can be great at this game.”
McCaw, 23, appeared in 57 contests with the Warriors last season as a reserve guard. He held per-game averages of four points, 1.4 rebounds and 1.4 assists while shooting 41% from the floor. Golden State traded for McCaw during the 2016 NBA Draft, beginning his two-season run with the team.