Varejao signed. 6years 42.5mil

greenbeans · Post #1 » by **greenbeans** » Thu Jul 9, 2009 2:58 am

incredible

http://sports.espn.go.com/nba/news/story?id=4315370
edit: original report was 6/50

nasbahceltic · Post #2 » by **nasbahceltic** » Thu Jul 9, 2009 3:00 am

LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

meatball sub · Post #3 » by **meatball sub** » Thu Jul 9, 2009 3:07 am

Just when I thought Danny Ferry couldn't possibly be any dumber, he goes and does something like this. I think I'd rather buy $50 million worth of stock in AIG than six years of Anderson Varejao...

greenbeans · Post #4 » by **greenbeans** » Thu Jul 9, 2009 3:08 am

8 million, 2015-16 season.

bc legends · Post #5 » by **bc legends** » Thu Jul 9, 2009 3:13 am

might actually benefit us indirectly.
odom will take a look at this and will most likely continue to demand 10mil/year on his contract and who can blame him.

Avalanche · Post #6 » by **Avalanche** » Thu Jul 9, 2009 3:16 am

that is all

Post #7 » by **ParticleMan** » Thu Jul 9, 2009 3:22 am

What's BBD worth now?

lol.

Scalamental · Post #8 » by **Scalamental** » Thu Jul 9, 2009 3:23 am

Man I guess sheed just couldn't get Varejao money... wtf... baby is probably feeling better.

Jimmy103 · Post #9 » by **Jimmy103** » Thu Jul 9, 2009 3:32 am

Are they out of their minds? Kiss King James goodbye. That team is going no where.

Why not sign the guy to a 1 year $14 million deal and try to swap him for a disgruntled superstar at the all-star break

Post #10 » by **Darth Celtic** » Thu Jul 9, 2009 3:34 am

my god. haven't seen a guy that overpaid since......

.....

brian cardinal maybe?

raef?

GreenDreamer · Post #11 » by **GreenDreamer** » Thu Jul 9, 2009 3:38 am

Varejao is actually one of their most valuable players. He is their best interior defender and if the Cavs go small, he is usually the one out there with LeBron at the 4, which should tell you something. He is improving as an offensive player and is a general pest. The dude is very far from being trash.

I just don't think that he warrants this kind of contract. 6 - 7 million and 4 years would be more like it.

jfs1000d · Post #12 » by **jfs1000d** » Thu Jul 9, 2009 4:04 am

I can't fathom this. He isn't even that good.

$8 plus a year?What the heck is perk worth now?

Barry Lird · Post #13 » by **Barry Lird** » Thu Jul 9, 2009 4:05 am

GreenDreamer wrote:...
I just don't think that he warrants this kind of contract. 6 - 7 million and 4 years would be more like it.

Yeah, decent bench guy, but this contract is way out of proportion to his contributions. A contract more like what Birdman signed would have been fair.

At least they're out of the Baby sweepstakes now. I'm guessing Bass to Orlando, and it's between us and Detroit for Baby. Long as the offer's not too great, then I think we match.

quagmire1234 · Post #14 » by **quagmire1234** » Thu Jul 9, 2009 4:09 am

Espn updated the details of the Varejao's contract...

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.

http://sports.espn.go.com/nba/news/story?id=4315370

This a reasonable contract.

MaxwellSmart · Post #15 » by **MaxwellSmart** » Thu Jul 9, 2009 4:15 am

Hey, he needs the dough------ Flopping School aint cheap these days-!!!

bc legends · Post #16 » by **bc legends** » Thu Jul 9, 2009 4:17 am

hes a limited offensive player who still manages to do the little things for the cavs.
mle at best.

francishsu · Post #17 » by **francishsu** » Thu Jul 9, 2009 4:34 am

People making fun of Ferry, don't forget that Ainge extended Mark Blount for 6 years at around $40mil. I don't think Varejao's going to pull a Blount after his big contract.

Varejao - limited offensively, good defensively, can rebound, takes care of the ball, energy, cares about winning
Blount - can make jump shots, poor defensively, poor rebounder, fumbles the ball, no energy, cares about gum and wine

CBBI · Post #18 » by **CBBI** » Thu Jul 9, 2009 6:54 am

Considering the incentives are "unlikely to be reached" incentives and the 6th year is partially guaranteed, this ends up working out to about 5 years, 37.5M in guaranteed money.

That's essentially just a shade over full MLE contract.

5 years is a lot to commit to an energy guy, but Varejao seems to be one of those "he means more to me then he does to you" type guys.

campybatman · Post #19 » by **campybatman** » Thu Jul 9, 2009 7:48 am

Does anyone remember when both Varejao and Pavlovic were restricted free agents, and held out a few seasons ago?

The Cavs' other restricted free agent holdout, Anderson Varejao, remains unsigned with sources close to the negotiations claiming that the two sides are still far apart with little movement over the last week.

The Cavs struggled in the preseason without Pavlovic and Varejao. The team posted a 1-6 record and was blown out in the past few games.

The team's struggles, combined with a lack of offseason moves by Cavs GM Danny Ferry, led to LeBron James complaining publicly about the state of the team last week in a Q&A with the Akron Beacon Journal's Brian Windhorst.

"For me as a leader, you want guys around you that are going to help you win ball games," James said. "I'm going to do what is best for the team. But at the same time you see teams regrouping and reshaping, and with our team we didn't do any reshaping, we didn't do any regrouping. You start to think a bit, 'How are we going to continue to get better?'"

Instead, James said, the Cavs were coming into the season "worse" than they were last year.

"Oh, we're worse," James said. "We're not as good as we were if we have those guys. It's simple. We all know that. Those two guys are a big part of our team. There's no reason to sit here and say we're better without them. I think they're a key point to our team. At the same time, we have to continue to get better while they are not here. Hopefully something happens."

http://sports.espn.go.com/nba/news/story?id=3087179

A published report says that Anderson Varejao would be willing to return to the Cavaliers for one season at the mid-level of exception of about $5.3 million.

The Cavs say they want to sign Varejao but it doesn't appear they want to sign him for just one season. A one-year deal for Varejao means he becomes a unrestricted free agent next summer and the Cavs would rather sign him to a multi-year deal or get value for him in a trade.

Varejao's holdout began when his agent, Dan Fegan, wanted up to $10 million per season for his client. The Cavs refused based on their hopes to have salary flexibility down the road and because such a deal is starters' money and right now Varejao is not a starter.

http://blog.cleveland.com/sports/2007/1 ... _inte.html

Varejao, an energetic backup big man for the Cavs, is a restricted free agent who has been hoping for a deal worth something like five years at $9 million per.

The Cavs thought that was a little much for a guy who averaged 6.8 points and 6.7 rebounds last season. The Cavs, however, value Varejao's energy and defense enough that they offered a package worth more than $30 million.

That wasn't enough. Varejao held out of training camp and has been home in Brazil while the Cavs have split their first 18 games of the season. He must have been getting bored.

Word out of Charlotte Tuesday is that Varejao has agreed to an offer sheet from the Bobcats for three years at just more than $17 million -- or a bit more than half the money the Cavaliers have been offering for weeks.

Because Varejao is a restricted free agent, the Cavaliers have a week to match the Bobcats' offer.

I figure the Cavs will take about 30 seconds to decide, sure, we'll hang onto our 6-10 backup center at far less than what we originally were offering. Varejao told ESPN last week that he hoped the Cavs would sign and trade him, but that can't happen now, according to rules under the collective bargaining agreement. If the Cavs match, Varejao's a Cav.

The one perk in this deal for Varejao is that he will be able to opt out and become an unrestricted free agent after next season. So you can give him credit for being confident in his earning power. Just don't look to him for advice on how to win a holdout.

http://www.sportingnews.com/nba/article ... ldout-feud

greenmachine_2849 · Post #20 » by **greenmachine_2849** » Thu Jul 9, 2009 8:19 am

jfs1000d wrote:I can't fathom this. He isn't even that good.

$8 plus a year?What the heck is perk worth now?

I would say very similar money, maybe a little higher. I think Perkins falls into the same category of being more valuable (or at least perceived to be more valuable) to his own team than he would be to most other teams. Neither players' numbers will really wow anybody overall (although Perkins is in the top 5 in blocks), but it the stuff that can't directly be measured by statistics that they do that makes them so valuable. I could see Perkins' next contract being in the same neighborhood. Just to throw a number out there, say 6 years $55 million with incentives.

Anyway, last year Varejao averaged nearly 29 mpg, essentially starter minutes, for the team with the best record in the league. Given that the MLE is supposedly the league average, and that the average NBA player doe not receive starter minutes, I don't see what the uproar is all about.