Varejao signs contract with Bobcats

Anderson Varejao has inked a deal with the Charlotte Bobcats. The Cavs now have one week to match, or the wild-haired one is free to leave.

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Credit Cleveland Sports Authority with the first scoop on this one. It seems the Bobcats have tendered a three year, $17.4 million dollar deal. The contract reportedly has an opt-out clause after 2 seasons. So the big question now, is whether or not the Cavaliers will match. $5.8 million per season is much higher than the Cavaliers have been offering their 6th man, but it also well short of the $8 million per that Anderson’s agent had offered the Cavs, and for half the years.

Do the Cavs have that much room left on the books? If they do, (and I imagine that would mean the mid-level exemption) it would be hard to imagine that they wouldn’t match. The Cavs can desperately use Varejao’s energy and defense. It is hard to imagine them as a Championship caliber team without him. He is a valuable piece, but not if he ties the Cavaliers’ hands for years to come. This deal seems to be the right amount. Let’s get it done and move on with the season.

Seems like the Charlotte Observer has an additional take on this story. Rick Bonnell seems to think this could be a favor for agent Dan Fegan to move the process along. Not that the Bobcats wouldn’t like to have Anderson, but it seems they are figuring the Cavs will indeed match.

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Filed under Anderson Varejao, basketball, Cavs, Cleveland Cavaliers, contract, Free Agency, NBA, Sports

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