Cavaliers waive McCaw 1 week after signing him to offer sheet

The Cleveland Cavaliers have waived Patrick McCaw one week after signing him to a non-guaranteed two-year contract, the team announced Sunday.

Cleveland, among other teams, are still expected to be interested in signing McCaw as an unrestricted free agent if he clears waivers, according to the Athletic's Shams Charania.

McCaw, who came into this season as a restricted free agent with the Golden State Warriors but had been holding out after turning down the team's qualifying offer, officially joined the Cavaliers on Dec. 30 when the Warriors declined to match his two-year, $6-million offer sheet. Cleveland won't owe McCaw the remainder of that deal, though, since he was waived by Jan. 7.

At least one NBA agent believes the Cavaliers planned to waive McCaw when they signed him to the non-guaranteed offer sheet - while expecting that Golden State wouldn't match the salary - so he could be waived and then signed as an unrestricted free agent at a lower price, according to Alex Kennedy of HoopsHype.

McCaw played three games for the Cavs, scoring a total of five points. In two seasons with the Warriors, the 6-foot-7 shooting guard averaged four points in 128 games.