McCaw will sign a one-year, $786,000 veteran's minimum deal with Toronto, according to The Athletic.
"With McCaw averaging only 1.7 points on 22.2 percent shooting in 17.7 minutes through three games, the Cavaliers then waived McCaw on Sunday to sign free-agent guard Cameron Payne to a 10-day contract".
McCaw has appeared in 131 career games with Golden State and Cleveland, averaging 3.9 points, 1.2 assists and 15.9 minutes, and was a member of the Warriors' 2017 and 2018 National Basketball Association championship squads. 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. He signed the sheet on December 28 and officially became a member of the Cavs.
McCaw averaged 4 points, 1.4 rebounds and 1.4 assists in 57 games last season, his second in the National Basketball Association. After clearing the waiver wire, the third-year wing became an unrestricted free agent.
After waiving McCaw, the Cavs, who are now dealing with several injuries, went out and signed point guard Cameron Payne to shore up their ranks at the point guard position.
Toronto is McCaw's home now, at least until the end of the season.
The Raptors announced Thursday that the club had signed McCaw, although terms of the deal were not disclosed. He also will, once again, be a restricted free agent in the summer of 2019.
McCaw was sidelined for nearly two months with a bone bruise in his lower back near the end of last season after a horrific fall during a game at Sacramento.