The Giants placed McGee on unconditional release waivers Thursday, Maria I. Guardado of MLB.com reports.

EDGE Analysis

With no team willing to foot the bill on the money remaining on the two-year, $5 million deal McGee signed in February 2021, the Giants will cut ties with the veteran lefty, who was designated for assignment last week. McGee opened the season in a high-leverage role and secured three saves and four holds across his 24 appearances for San Francisco, but he fell out of favor after surrendering six runs on nine hits and a walk over 3.1 innings in his final four outings. McGee should attract interest on the open market, but he'll likely have trouble finding a fantasy-friendly role with his next team.