Cavaliers officially sign Anderson Varejao to contract extension
On Thursday, the Cleveland Cavaliers and veteran center Anderson Varejao were reportedly close to a three-year, $30 million extension. Now, the deal is done, the team announced in a press release from Cavs GM David Griffin on Friday afternoon:
Varejao is the longest-tenured Cavalier and the only holdover from LeBron James’ first tenure in Cleveland. The 32-year-old Brazilian big man has long been a favorite teammate of James. He’s still very productive when healthy, but has missed time with various injuries the past four years. He had 10 points and four rebounds in 27 games on Thursday night in the Cavs’ season-opening loss to the New York Knicks.
Varejao is a close friend of James, and the move to re-sign him now before he hits free agency next summer likely comes from wanting to appease LeBron. If Varejao is healthy, $10 million a year is a terrific value. But that’s far from a given these days.