Pat McCaw, Warriors still waiting each other out before training camp

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Counting down the hours until training camp begins Tuesday, there is only one unresolved issue immediately facing the Warriors.

Guard Pat McCaw, a restricted free agent considered part of the team’s future, still has not accepted the $1.74 million qualifying offer the Warriors presented more than 12 weeks ago.

By extending the deal, the Warriors indicated they still want McCaw on the roster.

McCaw last season indicated a desire to return for a third season, something his father, Jeff, reiterated in an interview this week with the San Francisco Chronicle.

The lack of McCaw’s signature on a contract was not a concern in July or August. But with summer coming to a close, his absence leaves the Warriors wondering if he still wants to explore other options while also forcing them to prepare to do the same.

This is not what the Warriors wanted, nor is it what McCaw needs.

The biggest problem facing McCaw is that he was far less effective last season than he was a rookie. It was after his first season that veteran wing Andre Iguodala, speaking at the championship celebration in Oakland, identified McCaw as his potential replacement.

Was Iguodala joking? Yes. And no.

McCaw as a rookie showed smarts, instincts and a fearlessness that belied his 21 years. His shot was decent, with plenty of room to improve. His defense was solid, revealing an aptitude for reading angles and anticipating, an obvious asset for someone with such a rail-thin physique.

McCaw in Year 2 struggled with his shot. He finished at 28.3 percent from deep and 40.9 percent overall. His movements on the court became uncertain. And then, last March 31, he sustained a terrifying injury that sent him to the hospital by ambulance for an overnight stay and kept him on the sideline for nearly two months.

All those forces combined to depress McCaw’s market value and, therefore, punch a hole in thoughts of leverage.

Which makes the summer inactivity kind of puzzling. The Warriors have been patient, awaiting McCaw’s signature. McCaw has been waiting, presumably, for a team to come along offering something better, after which he would find out just how much the Warriors want him to come back.

That deal has not materialized. After experiencing a flurry of offer sheets and signings in July, the NBA quickly settled into a soft market by August. It has remained soft in September.

Nobody is shopping, and that won’t change unless someone, somewhere, gets hurt and a team suddenly needs a young wing with potential.

When the Warriors released their camp roster on Thursday, McCaw’s name was not on the list. It can’t be, because he is unsigned.

Which leaves two young wings thinking they have a shot to make the roster. Danuel House, a fabulous athlete, is coming on a non-guaranteed deal. Damion Lee, who snagged a two-way contract, also is on the list.

McCaw still has the edge, because his contract would be guaranteed. Unless or until he signs, however, that’s irrelevant.

Meanwhile, he waits. And so do the Warriors. The clock that was relatively quiet all summer is now ticking louder by the day.

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