"The Philadelphia 76ers announced today the team waived JaVale McGee prior to midnight on Mar. 1, making him eligible to join a postseason roster."
Sam Amick of USA Today first reported the news on Sunday, stating, "The Philadelphia 76ers have agreed to waive center JaVale McGee in time for him to sign with a playoff team, a person with knowledge of the situation told USA Today Sports. The person requested anonymity because the decision had not been announced."
Tom Moore of the Courier Times noted some perspective on the team's decision:
ESPN.com's Marc Stein reported earlier Sunday that a buyout was "unlikely" and that McGee himself even admitted that he had no desire for such a transaction.
"I don't want to get bought out," he told reporters after Philly acquired him from Denver, via The Philadelphia Inquirer's Keith Pompey. "That's not a positive thing. When you think about it, you don't get all of your money when you get bought out."
McGee had played just five games for the 76ers after he was traded from the Denver Nuggets on February 19.
McGee will still make the rest of the $11.25 million owed to him this season and another $12 million in 2015-16, per Amick. Amick also believes McGee will have plenty of suitors once he clears waivers because he is eligible to play in the postseason:
Whether it's a new job with one of the Texas teams (San Antonio Spurs, Dallas Mavericks, Houston Rockets), the Miami Heat or another contender, McGee has every reason to be enthused about what lies ahead — especially considering he didn't give any money back.
As such, McGee is likely to generate some interest from contenders. McGee can certainly be frustrating (and hilarious) at times, but he's a 7-footer who can rebound and block shots, which are traits that will always be valued in the NBA. Many of the league's top teams could use more frontcourt depth for the stretch run.
Don't expect McGee to be unemployed for long.