The Philadelphia 76ers have agreed to waive JaVale McGee in time for him to sign with a playoff team.

McGee did not have to give any money back for the opportunity to play in meaningful games this season. McGee is owed $12 million for next season.

The 76ers acquired a future first round pick from the Denver Nuggets while taking on McGee and his contract.

McGee played in six games for the 76ers.

The San Antonio Spurs, Dallas Mavericks, Houston Rockets and Miami Heat are mentioned as possible destinations for McGee.

Update: McGee was officially waived on Monday morning.

Yahoo's Marc J. Spears reports ten teams, mostly playoff contenders, have already expressed interest in McGee.