McCaw, 23, joined Cleveland Dec. 30 after the Warriors declined to match the Cavaliers' offer sheet.
But the former second-round pick was a restricted free agent. It was the end of a freaky 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.
McCaw averaged 4.0 points in 128 regular-season appearances with the Warriors in the 2016-17 and 2017-18 seasons.
McCaw cleared waivers on Wednesday afternoon, sources said. 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 Warrior filed a request with the National Basketball Association to investigate whether the transactions qualified as salary-cap circumvention.
The Raptors announced Thursday that the club had signed McCaw, although terms of the deal were not disclosed.
After only a week in Cleveland, McCaw was waived before his contract was guaranteed. "But if the National Basketball Association voided McCaw's contract, he could become a restricted free agent again".
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