One of the NBA’s longest restricted free agencies ended when the Cavaliers signed Patrick McCaw to an offer sheet the Warriors didn’t match.
But that didn’t provide a long-term resolution for McCaw.
The Cleveland Cavaliers have signed guard Cameron Payne to a 10-day contract, Cavaliers General Manager Koby Altman announced today
In a related move, the Cavaliers have waived guard Patrick McCaw.
McCaw’s contract gave him unguaranteed $3 million salaries this season and next. If not waived by today, his 2018-19 salary would have been fully guaranteed.
So, while this makes sense for the Cavs, it raises questions about their motivations. Did they just want to spite Golden State by undercutting an asset? Did they sign McCaw as a favor to his agent, Bill Duffy? Did they honestly just want to give McCaw a test run, offer what they thought the Warriors wouldn’t match then determine he wasn’t worth that salary?
This works well for McCaw, who gains a year of NBA service and will become an unrestricted free agent once he clears waivers. That might open offers that didn’t exist while he was restricted. Cleveland might even be interested in re-signing him at a lower price.