Anderson Varejao Rumors | Hoops Rumors

Cavs Granted Disabled Player Exception

December 31st, 2014 at 5:43pm CST by Eddie Scarito

The NBA has granted the Cavaliers a disabled player exception in response to the season-ending injury suffered by Anderson Varejao, Marc Stein of ESPN.com reports (Twitter link). The exception will be valued at approximately $4.85MM, or half of Varejao’s $9,704,545 salary for the 2014/15 season. Cleveland has until March 10th to use this exception on a player whose price tag fits into that allotment, whether it be through free agency or trade.

The Cavs were reportedly seeking a rim protecting big man prior to Varejao suffering a torn Achilles. Cleveland currently has the league maximum 15 players on their roster, including 12 players with fully guaranteed deals. This means that the Cavs would need to deal or release a player prior to signing or acquiring another body via trade. Cleveland has been in talks with the Celtics in recent days about Boston’s willingness to participate in a trade as a third team, though no deal appears to be imminent.

Varejao had started 26 games this season, averaging 9.8 points, 6.5 rebounds, and 1.3 assists while playing 24.5 minutes per contest. His slash line was .555/.000/.733.

Eastern Notes: Williams, Marble, Tolliver

December 26th, 2014 at 7:02pm CST by Eddie Scarito

Nets point guard Deron Williams returned to action today but didn’t start the game out on the court. Williams said that he’s fine with coming off of the bench as long as the starters play well, Mike Mazzeo of ESPNNewYork.com writes. “I’m all for the team. It doesn’t really matter to me,” said Williams. “I’m still trying to get my rhythm back and obviously I’m on a minutes restriction right now, so I’m all for it.” Williams has been the subject of trade rumors involving the Kings recently, but he did not want to address the subject, saying, “When a trade is final, then I’ll talk to y’all about trade rumors. How about that? When a trade happens I’ll talk about trade rumors because then it’ll actually be a trade.”

Here’s more from the East:

The Magic have assigned rookie Devyn Marble to the D-League, the team announced. Marble will join the Erie BayHawks after appearing in just five minutes of action for Orlando all season.
Cavs big man Anderson Varejao underwent successful surgery to repair his torn left Achilles tendon today, the team has announced. Varejao is expected to miss the remainder of the season.
Stan Van Gundy called the Pistons’ acquisition of Anthony Tolliver a “no-brainer” and labeled the veteran sharpshooter as a “solid pro with a very good contract,” notes Keith Langlois of Pistons.com.

Charlie Adams contributed to this post.

Anderson Varejao Suffers Torn Achilles

December 24th, 2014 at 11:17am CST by Chuck Myron

Tests revealed that Anderson Varejao has suffered a torn Achilles tendon, reports Brian Windhorst of ESPN.com (Twitter link). The injury to his left leg is indeed expected to knock him out for the rest of the season, Adrian Wojnarowski of Yahoo! Sports tweets. All signs were pointing to the injury having been a torn Achilles, as Sam Amico of Fox Sports Ohio heard shortly before the news broke (Twitter link). An MRI this morning revealed the tear, as Wojnarowski notes in a full story. The 32-year-old couldn’t put any weight on the leg when he exited Tuesday’s game after the injury occured.

It’s a tough blow for the Cavs, who guaranteed his nearly $9.705MM salary for this season when they signed him to a three-year extension in the fall. Cleveland can apply to the NBA for a disabled player exception worth 50% of his salary, or more than $4.582MM. The Cavs had inquired about the possibility of signing Josh Smith before Varejao went down, according to Chris Haynes of the Northeast Ohio Media Group (Twitter link), but that was chiefly a matter of the team doing its due diligence, Haynes cautions. The Knicks are making Samuel Dalembert available, according to Wojnarowski, but his acquisition would be a “last resort” for the Cavs, Wojnarowski tweets.

Cleveland has been in talks with the Celtics in recent days about Boston’s willingness to participate in a trade as a third team, as Windhorst and ESPN colleague Marc Stein wrote overnight. The Cavs have long been looking for a rim-protector, and they appear poised to intensify that search now that they’ll be without their only starting-caliber center.

Cavs, Celtics Discuss Three-Team Trade Ideas

December 24th, 2014 at 9:28am CST by Chuck Myron

9:28am: Varejao’s injury “does not look good at all,” a source close to the big man told Adrian Wojnarowski of Yahoo! Sports (Twitter link).

8:47am: The Cavaliers have spoken with the Celtics over the past few days about three-team trade scenarios as Cleveland continues to seek an inside player, report Brian Windhorst and Marc Stein of ESPN.com. The Cavs’ enduring quest to add to their front line will likely intensify if an MRI Wednesday reveals a torn Achilles for Anderson Varejao, a potential outcome that has Cleveland’s brass worried after he left Tuesday’s game and was unable to put any weight on his left leg, Windhorst and Stein write.

The Cavs have been looking to add a center, and specifically one who can provide rim protection, since a summer pursuit of Timofey Mozgov. Still, it’s apparently been a while since Cleveland and Denver have discussed him, and Kosta Koufos has seemingly been a more recent target. The Grizzlies have “kicked around” the idea of relinquishing Koufos, as Grantland’s Zach Lowe wrote Tuesday, but the Cavs would reportedly have competition from the Kings, if not others, for the Memphis backup center. Koufos has an expiring contract worth $3MM this year that would fit into Cleveland’s nearly $5.286MM trade exception, just as Mozgov’s salary would, one of the reasons that the team sought them both, according to Windhorst and Stein.

Boston stands to net as many as 11 extra draft picks from 2015 through 2018 thanks to previous transactions, so they have plenty of assets to facilitate a swap. The Celtics have been aggressive recently in attempts to stockpile draft picks, Windhorst and Stein write, though it’s unclear if Boston continues to take that approach or if that’s a reference to their efforts prior to the Rajon Rondo trade, a deal in which they acquired two picks. The C’s also have frontcourt depth, bolstered by the acquisition of Brandan Wright in the Rondo trade, as the ESPN scribes point out. Wright’s $5MM salary would fit within the trade exception, which would make it somewhat easier for him to be traded, since Boston can’t aggregate his salary in a trade until February 19th, the day of the trade deadline. However, it’s unknown whether Wright’s name has come up in discussions between Cleveland and Boston. The teams appear to be talking about a three-team trade in which the Celtics would act as a facilitator, according to Windhorst and Stein, so that would seemingly indicate that Cleveland’s primary targets are not on the C’s.

The loss of Varejao to a torn Achilles, almost certainly a season-ending injury, would be devastating for the title-contending Cavs, who guaranteed Varejao’s salary of nearly $9.705MM this season when they signed him to an extension in October. He’s been the starter at center for Cleveland, which doesn’t possess another starting-caliber center on its roster.

Cavs Notes: Varejao, LeBron, Trades, Blatt, Kirk

November 19th, 2014 at 2:14pm CST by Chuck Myron

Anderson Varejao isn’t sure that the Cavs didn’t resist trading him over the past few years in hopes that he might serve a lure to draw friend LeBron James back to Cleveland, but regardless of the Cavs’ intentions, Varejao’s presence paid dividends, reports Ian Thomsen of NBA.com.

“That’s a big part of the reason why I came back: It was because he was still here,” James said. “A lot of people told him he should talk about getting traded or force his way out of here, and he just stuck around, man. And I’m happy that he’s still here. He’s a big cornerstone of this franchise being here for over 10 years, and it wouldn’t be the same without him.”

Varejao will be around for a while longer after signing a three-year $30MM extension last month, and presumably he’ll continue to serve as enticement for James, who possesses a player option for next season, to stay. Here’s more from Cleveland:

GM David Griffin acknowledges the team’s defensive shortcomings, and he’s not holding back when it comes to finding a solution, as he tells Chris Haynes of Northeast Ohio Media Group. “No one is untouchable, and you’re never done building a team, so we’re always paying attention to what opportunities are out there,” Griffin said. “My tendency is always trying to do what we can do to improve the roster. But I’m not looking to create one so much as paying attention to what I’m hearing.” Still, the GM cautioned that he wouldn’t put much stock in any player movement rumors involving his team for the time being.
The Cavs took a chance on David Blatt this summer, and despite a 5-4 start, Griffin remains confident in the first-year head coach, as Haynes relays in the same piece. “I think David has done a tremendous job,” he said. “I think his task is very large. I feel bad in a lot of ways because people have a tendency to want everything to happen right now and when it doesn’t, it has to be someone’s fault when in reality, this adversity is very organic and good for us. He’s renowned for his ability to innovate and make adjustments. I’m glad he’s our partner in this.”
Rookie Alex Kirk is headed back on D-League assignment, the team announced. The center just returned to the big club Monday from three days with the Canton Charge, as our log of D-League assignments and recalls shows.

And-Ones: Varejao, Bryant, Cavs

November 1st, 2014 at 4:50pm CST by Eddie Scarito

Given Anderson Varejao‘s injury history, the Cavs signing him to a three year deal might seem risky, but Terry Pluto of The Plain Dealer explains why it was a smart move for the team. Pluto cites the team’s desire to win now, Cleveland’s lack of depth at center, and that Varejao’s $10MM per season salary won’t seem that high once the new CBA kicks in and player salaries escalate. Pluto also notes that the non-guaranteed third year of the contract was added because the organization views it as a potential trade chip.

Here’s more from around the league:

The Lakers look to be in for a long season that is more likely to end with a lottery pick than a playoff berth. Brian Schmitz of The Orlando Sentinel believes that Los Angeles should consider trading Kobe Bryant to the Knicks for Amar’e Stoudemire‘s expiring contract. This would get Bryant’s deal off of the books in time for next summer’s free agent class, as well as reunite Bryant with Phil Jackson, and help the Knicks implement the triangle offense more effectively, Schmitz opines.
Cavs owner Dan Gilbert’s comments about a willingness to spend whatever it took to put LeBron James back on top, no matter the cost, were a jab at the Heat organization and team owner Micky Arison, Ira Winderman of The Sun Sentinel writes. Moves such as amnestying Mike Miller in 2013, or the team declining to use their mid-level exception last season despite a lack of roster depth, were rumored to rub James the wrong way and possibly contributed to him returning to Cleveland, notes Winderman.
Lorenzo Brown and Josh Bostic agreed to contracts with the Grand Rapids Drive of the NBA D-League, David Mayo of MLive reports (Twitter link). Both players were waived by the Pistons who will retain their D-League rights.

Eastern Notes: D-League, Jenkins, Magic

October 31st, 2014 at 7:31pm CST by Eddie Scarito

Chris Babb, Tim Frazier, Rodney McGruder and Christian Watford are joining the Celtics D-League affiliate, the team announced (Twitter links). The Celtics are using their ability to retain the D-League rights to up to four camp cuts to keep Frazier, McGruder and Watford out of the D-League draft, but they don’t have to do so with Babb, since he played for Boston’s D-League team last season.

Here’s more from the east:

The Magic‘s D-League team has signed Seth Curry, Peyton Siva, Kadeem Batts and Drew Crawford, the club announced, The Magic waived the foursome last week.
The first two years of Anderson Varejao‘s extension with the Cavs are fully guaranteed with the third year being a team option, Adrian Wojnarowski of Yahoo! Sports reports (Twitter link).
Varejao will make $9,638,554 the first year; $10,361,446 the second year of the deal, with $9.36MM guaranteed; and the third season is set at $10MM, Eric Pincus of Basketball Insiders reports (Twitter link). If Varejao is on the Cavs‘ roster past August 1st, 2017 then $4.5MM of the third year will become guaranteed, adds Marc Stein of ESPN.com (Twitter link).
John Jenkins admitted he’s upset that the Hawks decided to decline his rookie scale team option for 2015/16, but he called it “part of the game” and a potential blessing in disguise, observes Chris Vivlamore of the Atlanta Journal-Constitution.
While it’s still a bit too early in the season for any coaches to truly be on the hot seat just yet, Fran Blinebury of NBA.com takes a look at eight coaches who are under the most pressure this year, including David Blatt (Cavs), Mike Budenholzer (Hawks), and Derek Fisher (Knicks).

Chuck Myron contributed to this post.

Cavs Sign Anderson Varejao To Extension

October 31st, 2014 at 5:00pm CST by Eddie Scarito

The Cavaliers and Anderson Varejao have officially signed a contract extension, the team announced. The extension is believed to be for three years, and approximately $30MM, as Marc Stein of ESPN.com reported Thursday (Twitter link). Chris Haynes of the Northeast Ohio Media Group added that the plan was for the sides to sign the extension today, though the October 31st deadline that applies for rookie-scale extensions didn’t matter with Varejao. The 32-year-old becomes just the fifth player to sign a veteran extension under the current collective bargaining agreement, joining Andrew Bogut, Kobe Bryant, Tony Parker and Zach Randolph.

“Anderson represents how this franchise wants to approach the game of basketball, both on the court and off,” Cavs GM David Griffin said in the team’s statement. “He has been a key part of our foundation for years and we are very happy that he will continue to be part of our Cavs family as we work towards our goals at the highest level. Andy is, and has been, a tireless worker, an incredible teammate and a great competitor that plays with a rare combination of energy and intensity that makes him truly special.”

This news doesn’t come as a surprise since it was reported earlier that both sides had a mutual interest in keeping Varejao in Cleveland for the foreseeable future. The Brazilian-born center said recently that he wants to finish his career with the Cavs, and he has a close relationship with LeBron James, with whom he’d been teammates for six years before James took his talents to South Beach.

Varejao nonetheless had some incentive to wait until he became a free agent to sign a new deal with the Cavs. The starting salary in a veteran extension can be no more than 107.5% of the salary in the final season of the existing deal, and in Varejao’s case the extension could only have run through the 2017/18 season. If Varejao were to have waited to become a free agent, he could sign up to a five-year contract for nearly 35% of the salary cap, though he wasn’t a candidate for max money, nor a deal of that length. With his history of injuries and advancing age, signing an extension to stay in Cleveland and gaining some level of financial security was clearly appealing for Varejao, and it comes with the benefit of allowing him to continue to play for a team that’s shaping up to be an annual title contender.

This news also casts some doubt as to the future of Tristan Thompson in wine-and-gold. A report earlier today indicated that there was pessimism surrounding Cleveland’s extension talks with Thompson, who is subject to today’s 11:00pm Central deadline for rookie scale extensions. Thompson is seeking a new deal in the $12MM per year range, which is a bit pricey for a backup center.

The Cavs had only about $21.5MM in commitments for 2015/16 before signing the Varejao deal, but that doesn’t include James’ player option for $21,573,398 or Kevin Love‘s for $16,744,218. Varejao’s extension doesn’t leave the Cavs front office much flexibility to ink Thompson and continue to surround the core of James, Love, and Kyrie Irving with the role players needed to contend.

Photo courtesy of USA Today Sports Images.

Latest On Cavs, Tristan Thompson

October 30th, 2014 at 8:06am CST by Chuck Myron

THURSDAY, 8:06am: A sense of optimism surrounds the talks at this point, sources tell Jason Lloyd of the Akron Beacon Journal. Lloyd hears that Thompson is seeking annual salaries of more than $10MM, though that doesn’t necessarily mean he isn’t targeting the roughly $12MM number that Windhorst pegged in his report from earlier (below). Thompson and Anderson Varejao, who’s discussing a veteran extension with the Cavs, are likely to make about the same amount if they’re to sign extensions, and it doesn’t appear as though Varejao is willing to accept much less per year than his current salary of nearly $9.705MM, Lloyd writes.

MONDAY, 10:32am: Negotiations between the Cavs and Tristan Thompson have stalled as the Rich Paul client seeks salaries of around $12MM a year in a rookie scale extension, reports Brian Windhorst of ESPN.com. Still, both sides maintain hope that they’ll reach a deal by Friday’s deadline, Windhorst adds. The report adds some clarity to a series of conflicting dispatches regarding whether Thompson and Cleveland were in talks, as I laid out earlier in light of the news that the Cavs are discussing an extension with Anderson Varejao.

Executives and agents around the league are keeping an eye on the talks with Thompson to gauge how closely LeBron James is involved with Cleveland’s front office decision-making, as Windhorst details. James and Thompson are both clients of Paul, and James holds a player option for next season that he can decline to hit free agency this summer, which makes the team a “little uncomfortable,” Windhorst writes, even though James has said multiple times he has no intention of leaving. Thompson will start the season as a bench player after Varejao won the starting center job, and it would be difficult for many teams to stomach paying $12MM for a sixth man.

Still, agents are growing bolder with an influx of TV money on the way, and lucrative deals for Eric Bledsoe, Gordon Hayward and Chandler Parsons this summer have left many player representatives optimistic about the prospect of restricted free agency, according to Windhorst. Greg Monroe, who wound up signing a qualifying offer worth just $5.48MM for this season, is a cautionary tale, though he reportedly rejected much more lucrative proposals.

The Cavs have only about $21.5MM in commitments for 2015/16, but that doesn’t include money for James, Love or Varejao, all of whom can become free agents. Kyrie Irving, Dion Waiters and second-round pick Joe Harris are the only Cavs under fully guaranteed contracts that contain no option clauses for that season.

Cavs, Anderson Varejao Discuss Extension

October 27th, 2014 at 8:24am CST by Chuck Myron

The Cavs are engaged in “serious” talks about an extension with Anderson Varejao, one of the few veterans eligible for one, reports Adrian Wojnarowski of Yahoo! Sports. There’s mutual interest, and the conversations between the team and the Dan Fegan client have taken place over the past few weeks, though the sides aren’t on the verge of a deal yet, Wojnarowski writes. There’s no deadline looming at the end of the week as there is with rookie scale extension candidates like fellow Cav Tristan Thompson. Varejao and the Cavs have until June 30th to reach a deal on an extension before the Brazilian big man’s contract expires.

The Varejao talks are cast against the backdrop of the deadline regarding Thompson, and there are conflicting reports about whether Thompson and the Cavs are in talks. There is discussion and the Cavs hope to get a deal done, according to Sam Amico of Fox Sports Ohio, but Chris Haynes of Northeast Ohio Media Group wrote this weekend that he heard there had been “zero discussion” about an extension for Thompson. Marc Stein of ESPN.com wrote 10 days ago that the Cavs and Thompson were in active negotiations. Varejao beat out Thompson for the a job in the starting lineup for opening night.

The 32-year-old Varejao said recently that he wants to finish his career with the Cavs, and, as Wojnarowski notes, he remains close with LeBron James, with whom he’d been teammates for six years before James bolted for Miami. Those close to Varejao told him when the Cavs were a losing team that he should push for a trade, and the Lakers had interest in a deal that would have taken him to L.A. in exchange for Pau Gasol last year, but Varejao has said he never wavered on his commitment to the Cavs.

The 11th-year veteran nonetheless has financial incentive to wait until he hits free agency to sign a new deal with Cleveland. He can only make 107.5% of this year’s nearly $9.705MM salary in the first season of an extension with the Cavs, with 7.5% raises in subsequent years, and such a deal could only run through 2017/18. He could sign a five-year contract for up to roughly 35% of the salary cap if he became a free agent, though it’s unlikely that he’d command quite so much in salary, and the Cavs would probably have reservations about a deal that long for a player his age. Conversely, Varejao’s salary is only guaranteed for $4MM this year, but Cleveland is highly unlikely to waive him and pocket those savings, short of another in an already long line of injuries to the 30th overall pick from 2004.