Why the Cavaliers Gave Aging Anderson Varejao a $30 Million Contract Extension

November 1st, 2014 by Alec Nathan Leave a reply »

With LeBron James in tow, the Cleveland Cavaliers aren't going to be bashful when it comes to signing checks. 

Case in point: The Cavaliers officially inked center Anderson Varejao to a three-year extension worth $30 million on Friday. 

Yahoo Sports' Adrian Wojnarowski passed along the contractual details: 



On the surface, it's admittedly a puzzling agreement. This season, Varejao's base salary sits at $9.7 million, according to ShamSports.com, and the new deal will actually bump his average annual earnings up to $10 million. 

That's a pretty penny to pay for a 32-year-old center with an extensive medical record. 

Varejao has been limited so much, in fact, that he hasn't appeared in more than 65 regular-season games since the 2009-10 season. 

Specifically, Varejao has appeared in just 148 of the Cavaliers' past 314 games (dating back to the start of the 2010-11 season), meaning he's logged minutes in a meager 47.1 percent of the team's regular-season contests during that four-year span. 

But Cavaliers owner Dan Gilbert didn't ma ...

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