The Mavericks have officially waived and stretched McGee.
I can confirm that Dallas did elect to stretch the cap hit for JaVale McGee when they waived him.
When McGee clears waivers later today (he's not expected to be claimed), the Mavericks will have $2,348,324 in dead money on their books through the 2027-28 season.— Keith Smith (@KeithSmithNBA) August 31, 2023
The dead cap for his 2023-24 and 2024-25 salary ($11,741,621) will be equally spread out over the next 5 seasons. That amounts to exactly $2,348,324 per season.
It has been reported that McGee is signing with the Sacramento Kings.