Toronto Raptors signing Patrick McCaw to a one-year contract

Report: Warriors ask NBA to investigate Cavs' signing, release of Patrick McCaw

Report: Warriors ask NBA to investigate Cavs' signing, release of Patrick McCaw

On Wednesday, the Toronto Raptors announced that they were signing the former Golden State Warrior to a deal that will last the rest of the season. After three games with the Cavaliers, McCaw was waived on Sunday before his contract would have been guaranteed for the remainder of the season.

If the Cavaliers were found to have had a financial agreement with both McCaw and his agent while he was still a Warrior, they can be fined up to $3 million. It was the end of a weird saga that involved a half-season holdout, an offer sheet, a surprising release, and an ongoing investigation by the National Basketball Association into how it all went down.

Patrick McCaw is an unrestricted free agent, and the Cleveland Cavaliers may be in trouble because of it.

Of course, how McCaw became an unrestricted free agent is one of the stranger stories in recent memory.

In December, after he had held out for half the season, the Cleveland Cavaliers extended an offer sheet to McCaw.

The NBA is reportedly investigating the Cavs for signing and waiving McCaw, and could ultimately punish the team by taking away a first-round draft pick. He gets to play for one of the Eastern Conference's best teams and could make it back to the Finals for the third time in three seasons.

The New York Times reported that the National Basketball Association is investigating the Cavaliers for possible salary-cap circumvention, a probe that Golden State encouraged the league to undertake on the Warriors' behalf.

The Raptors announced Thursday that the club had signed McCaw, although terms of the deal were not disclosed. Three games later, Cleveland waived McCaw.

It's surely been a whirlwind couple days for McCaw.

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