Cavs, Varejao agree to 6 years, $50M

The Cleveland Cavaliers and Anderson Varejao reportedly have agreed on a six-year contract that could be worth as much as $50 million. Agent Dan Fegan told The Plain Dealer late Wednesday that the club and Varejao have agreed on a new contract. The team would not confirm the report Thursday morning. General manager Danny Ferry had earlier stated his intent to re-sign the 6-foot-11 Brazilian. Varejao did not exercise his option on a $6.