The Cleveland Cavaliers have come to an agreement with free agent Anderson Varejao on a six-year deal, his agent Dan Fegan said.
Varejao's contract is worth $42.5 million over the six years, and the final year is only partially guaranteed. Incentives could push the total amount to $50 million.
"Andy made it clear from the beginning of the process that his first choice was Cleveland," Fegan said. "He feels strongly that there's unfinished business left in Cleveland -- to win a championship."
The Cavs have also agreed to terms with Toronto free agent Anthony Parker. The final figures of the deal are not set, but he will receive a portion of the $5.8 mid-level exception for either two or three years.
The Cavs hope to sign Channing Frye with the remainder of their mid-level exception.
The quick agreement between the Cavs and Varejao is a stark contrast from the long, protracted negotiations the two sides went through in 2007. The Cavs were reluctant to pay Varejao anything more than the mid-level exception. Varejao ultimately got an offer sheet from the Charlotte Bobcats on a two year deal for the mid-level exception and the Cavs matched.
This time around it was much clearer to Cleveland GM Danny Ferry that Varejao was a critical piece to the Cavs' chances at a championship.
Varejao has been a huge source of energy and defense for the Cavs in the paint. With both Shaquille O'Neal and Zydrunas Ilgauskas in the last year of their contracts, he has proven to be the Cavs' big man of the future.
Varejao's contract is worth $42.5 million over the six years, and the final year is only partially guaranteed. Incentives could push the total amount to $50 million.
"Andy made it clear from the beginning of the process that his first choice was Cleveland," Fegan said. "He feels strongly that there's unfinished business left in Cleveland -- to win a championship."
The Cavs have also agreed to terms with Toronto free agent Anthony Parker. The final figures of the deal are not set, but he will receive a portion of the $5.8 mid-level exception for either two or three years.
The Cavs hope to sign Channing Frye with the remainder of their mid-level exception.
The quick agreement between the Cavs and Varejao is a stark contrast from the long, protracted negotiations the two sides went through in 2007. The Cavs were reluctant to pay Varejao anything more than the mid-level exception. Varejao ultimately got an offer sheet from the Charlotte Bobcats on a two year deal for the mid-level exception and the Cavs matched.
This time around it was much clearer to Cleveland GM Danny Ferry that Varejao was a critical piece to the Cavs' chances at a championship.
Varejao has been a huge source of energy and defense for the Cavs in the paint. With both Shaquille O'Neal and Zydrunas Ilgauskas in the last year of their contracts, he has proven to be the Cavs' big man of the future.
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