In need of a big man, the Charlotte Bobcats reached agreement Tuesday on a three-year offer sheet with Cleveland restricted free agent Anderson Varejao, giving the Cavaliers a week to match the deal or lose him.
ESPN The Magazine's Ric Bucher reported the offer sheet is worth $17.4 million, which would fit the Bobcats' mid-level salary cap exception.
This seems weird to me. $17.4 million for 3 years is very reasonable and I'm suprised Varejao signed for it, considering this:
He also refused Cleveland's opening offer of five years, $20 million, and then its latest offer of five years, $32 million, with a starting salary slightly below the midlevel exception.
So the Cavs basically have three options: let Andy walk, work out a sign-and-trade or match the (very reasonable) offer and have to deal with a disgruntled Brazilian.
Personally, I'd like to see the Cavs match the offer, if only because they need a backup big man and the contract won't kill the cap. And if Varejao balks and wants out of Cleveland? Fine, trade him to someone besides Charlotte (I don't care for the Bobcats roster, who would the Cavs want? Adam Morrison?).
Either way, things just got interesting.