The NBA announced Monday that the Cleveland Cavaliers have been cleared of any wrongdoing following an investigation into how the organization handled the signing and release of guard Patrick McCaw.

"The NBA announced today that it has completed its investigation into the Cleveland Cavaliers' signing and subsequent waiver of Patrick McCaw,” a statement issued by the league read, per CBS Sports. "Based on the specific facts and circumstances of this matter, the NBA found that there was no violation of the league's Collective Bargaining Agreement, including the anti-circumvention rules."

Late last month, McCaw agreed to the two-year, $6 million non-guaranteed offer sheet from the Cavaliers. With the Warriors already committed to a high luxury tax bill, the team declined to match the offer, ending a nearly six-month holdout that included Golden State failing to meet his lofty financial demands. 

McCaw was waived by the Cavaliers after three days, just before the offer sheet became fully guaranteed. The Warriors requested that the league conduct an investigation into the Cavs' signing amid speculation that Cleveland may have purposely worked with McCaw to help make him an unrestricted free agent. 

Less than a week after getting waived by the Cavaliers, the Toronto Raptors inked a deal with McCaw.