The Cavaliers didn't violate the NBA's collective bargaining agreement with their signing and subsequent release of former Warriors player Patrick McCaw, the league said Monday in announcing the results from its investigation.

The Cavaliers agreed to a non-guaranteed two-year, $6 million offer sheet with McCaw, who had been a restricted free agent, and the Warriors declined to match the offer. McCaw, however, played in just three games for Cleveland before he was waived Jan. 7.

The league launched an investigation into the matter, but concluded that the Cavaliers didn't do anything against the rules

"The NBA announced today that it has completed its investigation into the Cleveland Cavaliers’ signing and subsequent waiver of Patrick McCaw," the league said in a statement Monday. "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.

Cleveland was in jeopardy of being fined and losing a future draft pick if it had been found guilty of wrongdoing.

McCaw has sought unrestricted free agency, but Cleveland could've found it beneficial to take a no-risk flyer on McCaw. If NBA determines a deal was made beforehand, Cavs could face a fine and loss of a 1st-round pick. Per CBA, Cleveland would lose it. It wouldn't go to Warriors https://t.co/HXgWBXphDE

— Mark Medina (@MarkG_Medina) January 8, 2019

McCaw spent his first two seasons with the Warriors but held out after their most recent championship run. Golden State was vocal about wanting him back but ultimately declined to match Cleveland's offer.

At least four teams reportedly are interested in signing McCaw, while the Cavaliers may also want to bring him back.