Two days after being released by the Cavs, former Warriors guard Patrick McCaw cleared waivers at 2 p.m. PT on Wednesday.
Also at 2 p.m. PT on Wednesday, multiple national reports stated that McCaw plans to sign with the Toronto Raptors.
Patrick McCaw plans to sign a deal with the Toronto Raptors, league sources tell ESPN.— Adrian Wojnarowski (@wojespn) January 9, 2019
Patrick McCaw officially cleared waivers at 5 PM, league sources say. @ESPN reports that McCaw, now an unrestricted free agent, will sign with Toronto— Marc Stein (@TheSteinLine) January 9, 2019
Now, according to Yahoo's Shams Charania, McCaw will sign a one-year contract with Toronto for the veteran's minimum of $786,000.
Sources: Pat McCaw plans to sign one-year, $786K veteran's minimum deal with the Toronto Raptors. McCaw has cleared free agency waivers.— Shams Charania (@ShamsCharania) January 9, 2019
On Tuesday, the Warriors reportedly asked the NBA to review the Cavs' signing and quick release of McCaw. Cleveland signed McCaw to an offer sheet on Dec. 28, and Golden State decided not to match it. But McCaw lasted less than 10 days with the Cavs.
The New York Times' Marc Stein reported that the league's review of the situation involving the Cavs is just beginning.
The league's investigation into Cleveland's signing and near-immediate release of McCaw, as reported yesterday @NYTSports, is just beginning and carries serious penalties if the Cavaliers are found guilty of salary-cap circumvention— Marc Stein (@TheSteinLine) January 9, 2019
McCaw will go from the worst team in the Eastern Conference to the top team, although he won't face the Warriors this season -- unless it's in the NBA Finals.
In an interesting sidenote, you could look at this as an Alfonzo McKinnie-for-Patrick McCaw trade, if the former Warrior sticks with the Raptors. McKinnie played in 14 games for Toronto last season, and his Warriors contract became guaranteed Monday.