Thursday, July 9th, 2009 at 10:00 am  |  123 responses

Anderson Varejao, $50 Mil, and You

by Marcel Mutoni

Not sure about the rest of you out there, but I had a tough time sleeping last night. I mean, if this is now a world in which Anderson Varejao is worth $50 million (according to the voices inside Danny Ferry’s mind, anyway), is it a world any of us really want to live in?

The Plain Dealer sifts threw the financial wreckage:

The Cavs have agreed on a new contract with forward Anderson Varejao, agent Dan Fegan said Wednesday…Varejao, the team’s versatile big man who became a starter last season, is set to get a six-year contract that could be worth as much as $50 million.

Varejao had interest from several teams, including the Portland Trail Blazers and Oklahoma City Thunder, and other potential sign-and-trade offers from other teams without salary-cap space. Fegan said several teams were willing to offer Varejao contracts that averaged $10 million per season.

I joked on Twitter that this was just a ploy by the Cavs’ GM to take the attention away from LeBron and the folks who make his running shoes following DunkGate, and I still haven’t heard a more reasonable explanation for this deal.

Feel free to help me out in the comments below.

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  • Karl

    Ok. Now Lebron’s DEFINITELY leaving in 2010.

  • Papou

    Hi, I want millions too. I play basketball. Sometimes.

  • http://slamonline.com/ niQ

    Bargnani and Varejao both 50 mil? What’s going on..

  • Karl

    I thought the salary cap was becoming lower, not higher. Someone forgot to tell Danny Ferry.

  • http://www.slamonline.com James the balla

    This guy making 50 mil, is top 3 most annoying people in basketball. along with Sasha and possibly JR Smith when he is being cocky and not winning.

  • Jon

    Supposedly, it is actually “just” $42.5 guaranteed with a max of $50 million. It figures out to a bit more than MLE money. That’s not horrible. $50 mill sounds ridiculous but, for some reason $42.5 mill does not.

  • rikson


    I dont know why, but this makes me sick! I play better than Sideshow Bob…

  • cramzy

    so this is the going rate for 8 and 8…really cavs? Do you not like Lebron or what?

  • http://www.triplejunearthed.com/dacre Dacre

    This must have been Steve kerr’s idea.

  • underdog

    I’m happy he’s staying in Cleveland, because I kinda’ like the Thunder and the Blazers.

  • http://adfji.com Jukai

    42.5 million guarenteed, another eight million if he LEARNS HOW TO F*CKING DOUBLE TEAM PROPERLY

  • http://theghostofroyhobbs.blogspot.com Mo Charlo

    Underdog wins.

  • bill breedley

    This does not even count as news. Anderson is a scrub. does anyone really care?

    Come on Slam, stop protecting your boy. The real news of the day is the crawford facial on the King without a Ring.

  • Tuomas

    “Y’all, (expletive), that ain’t basketball out there.” Co-sign, and it sure as sh*t ain’t worth that much money. I hate the Cavs, but apparently not as much as Danny.

  • T Money

    What’s the point of living?

  • T Money

    Stupid, stupid deal. Did he even have any serious offers?

  • http://www.another48minutes.blogspot.com Gerard Himself

    worst deal of the summer so far. By far. They should’ve let him go.

  • ngoiekafita

    What? Almost 10 mile a year?
    Somewhere Robert Traylor wants to eat Sideshow Varejao…

  • http://www.mynameinblue.blogspot.com Hisham

    James the Balla you forgot to mention KOBE

  • T Money

    McDeyss >>>>> Varejao
    For half the price.

  • http://www.slamonline.com wayno

    If they pay Bob is worth 50 Million, then LeBron is worth the rest of Cleveland’s salary per year…Does Danny Ferry want LeBron to walk?

  • http://slamonline.com YKnot

    And Iverson can’t find a home? Talk about an injustice!

  • http://acollegejournalist.blogspot.com Kamari

    I heard that the last year isn’t fully guaranteed

  • AZ

    The repercussions of this deal will change the Earth forever

  • http://www.hoopsmanifesto.blogspot.com Jeff Fox

    Another deal that a team will regret in a couple of years (if not already). Some people’s GMs!!

  • Drew

    i thought we were in a recession

  • http://nbacheapseats.blogspot.com Chendaddy

    Iverson is a square peg, and all 30 NBA teams are round holes. That didn’t sound right.

  • http://www.dontclick.blogspot.com/ Freshly

    Ha! 50 Mill,…

    What a flopper,…

  • http://lastknickstanding.blogspot.com Bryan

    I like how they refer to him as versatile.. Do they know what that means? The guy rebounds OK, and that’s it. Not much versatility there, can he knock down 20 footers consistently? Can he put the ball on the floor? Create for teamates? What can he do?! I hate this f*cking guy.

  • seven deuce

    $50 mil for acting, the land of milk and honey indeed…

  • Logan

    Classic distraction ploy by the cavs and nike….oh wait, is this true? My friends who are Cavs fans will not be happy….

  • C.A.M.P

    You don’t think LeBron had any say in this decision. It’s just a part of his post 2010 plan in CLEVELAND.

  • http://www.lkz.ch Darksaber

    laaaaand of the freeeee, and the hooome of the braaaaave (overpaid floppers, that is)

  • Marcos

    As a fellow brazilan, I’m happy for the guy.
    As a Lakers fan, I’m happier.

    Let’s see Ferry traying to trade THAT after “Mr. Thorn Crown” walks next summer.

  • http://shawn-kemps-offspring.blogspot.com Cheryl

    Big Baby is a better player and just had his market set.

  • Mykaveli21

    This mop top, clown boy, Fun Dummy! I hate this move! LBJ needs to start making some demands instead of taking FA’s out to eat chatting and chewing like Carrie Bradshaw and the gang. Damage Control: Objective #1– Show the Tape! You saw what a tape did for Kim Kardashian! Give the young boy some shine! Hard to tell im a LBJ fan but Im fed up! 50 mil to this clown! This better be a joke!

  • http://slamonline.com Blackzilla

    LeBron is the only reason I even pay attention to the Cavs. Their organization is obviously retarded, Varejao is a mediocre player at best and is not worth $50 million. Why isn’t David Lee getting a contract like this? There is no way in hell that the Cavs are winning in 2010… no way in hell.

  • http://www.shawn-kemps-offspring.blogspot.com/ TADOne

    I suddenly don’t feel so bad about Gordon’s and Villanueva’s contracts. Thanks Danny Ferry.

  • http://slamonline.com Brad Long

    Someone needs to tell Danny Ferry that just because you pay someone like they’re a versatile forward doesn’t make them a versatile forward. This is amazing.

  • http://slamonline.com Brad Long

    That’s Dave Chappelle money.

  • Clark Kent

    I’m pretty sure, Anderson is someone flopping his a** off to celebrate.

  • tavoris

    Jukai…u a HILARIOUS. I swear I almost fell outta my chair at your comment

  • la huey

    carlito gets a guaranteed $6 mil a year for flopping, modest rebounding, and agitating opposing players? and ferry is apparently splitting the mid-level to sign candace’s big bro and frye? i don’t think mamba even finds any of this worthy of an eye roll or chuckle.

  • Jonathan

    I guess us Lebron fans better start ordering Nets jerseys before the rush hits!

  • http://www.lkz.ch Darksaber

    yeah Brad, and Sideshow’s also RICH, Biatch!! Ahh, i miss Chappelle.

  • Ben

    How cam somone compare Bargania to Varejao. Varejao cant do aynthing but rebound.

  • http://dillanleuyahoo.com Holy Baller

    Hey, there’s a lot of hating going on here. Everyone is criticizing Danny Ferry, but what has he done recently? Got Mo Williams, drafted a very good role player in Boobie Gibson in the SECOND ROUND, and traded for a post player who although he has definitely lost some of his abilities, was one of the TOP FIVE PLAYERS OF ALL TIME. So back off a little. I agree, this money is a little ridiculous for Varajao. But it’s not that crazy, and Danny Ferry has shown that he knows what he’s doing.

  • http://dillanleuyahoo.com Holy Baller

    And those of you that think all that Varajao can do is give you average rebounding, actually WATCH the Cavs for a few games. He’s vital in their offense because he’s the one setting 75% of the screens, and he gives them decent scoring and ENERGY off the bench.

  • Gdub

    Um.. Boobie hasn’t been a factor since 06-07. And.. giving Varajeo 50 mill shows he has no clue what’s going on.

  • http://joeloholic.wordpress.com Joel O’s

    @Holy Baller: Fair points. Any team that has serious championship intentions needs someone like Varejao, a garbage guy who does scores easy baskets, sets screens and grabs rebounds, hustles to death and cheeses off opposing players. And Varejao, quite frankly, is one of the best in the league at his role. Yet – and I’m no salary cap expert – at $8m per for the next five years, the Cavs are dedicating an entire SEVENTH of their salary cap to paying Varejao – a hell of a role player, but still just a role player nonetheless – for the next five years. That’s quite a lot.

  • wilz

    cleveland has one last hurrah…then it’s going to become a sad sad team to watch

  • http://www.okayplayer.com doyouwantmore


  • BostonBaller

    I now have another reason to dislike the Cavs. Ferry and his flunkies have driven the price up so that we (Boston) will not be able to retain G. Davis. Thanks alot you anal circles. ps. Someone has to have the kid dunking on James on their phone. Get on it SLAM!!!

  • http://phoenixsunsrising.blogspot.com Hersey

    Varejao is making it rain in the City of Men

  • http://Egotastic.com Michael

    Mitch Kupchak is sending mental bullets at Danny ferry right now.

  • http://slamonline.com Brad Long

    Let’s be honest, is there anyone else who could pull off that nasty post move he put on Tim Duncan in last few seconds of the 06-07 Finals?

  • http://slamonline Blaze

    good for them. Wild thing will make sure Shaq stays quick in practice. Have they decided if big Z will be starting along side shaq yet?

  • nba kid

    Vlade Divac has gotta be proud of his protege now.

  • neaorin

    Cavs fan here. 6yrs and 42 million (the rest are incentives) is just OK on a per-year basis, it’s the length of the deal that’s the head-scratcher. At least the final year is not guaranteed. But I’m sorry, 8 and 8 does not tell the whole story.

  • neaorin

    Drew Gooden averaged 13 and 8 with the Bulls this year until he got traded, but I’d take Varejao over Gooden any day.

  • http://slamonline Negetivekreep

    LeBron…if your listening, Please kill this story before it reaches Lamar!

  • http://sportzin.com Joey E.

    danny ferry is ass

  • Duck

    no no no…y-all just got wrong….it was a typo in the contract…it really was 5 milion for five years

  • Duck

    knicks fans just thanks Danny

  • http://www.slamonline.com wayno

    Anderson Varejao has been confiscated by LeBron James…

  • http://slam Kobe>Lebron

    This guy plays hard, but 5o million, why wouldn’t they try to throw that money at Lamar? Lebron+Shaq+Varejo x 50 mil = Lebron in a new uniform in 2010….

  • yaway

    how do i respond to this?

  • http://double-technical.blogspot.com Zee!

    Get ya money sideshow bob!!!!

  • http://www.manutd.com Z

    Wow. Just, wow. 50 mil for intangibles? Charlie V signed for 15 mil LESS. At that price, they could have let him walk and sign Milsapp or Charlie V straight. Up the ante on Artest or Ariza… WOW!

  • yaway

    Breaking News: Spurs sign Antonio McDyess. Damn they are good.

  • Jmonz

    this is what the nba has come to. 50$ mil. contracts for people like this dude

  • http://myspace.com/DATBOIFABIO fabio

    haha nice move cavs!! thats about a penny a flop! AHH get a jump shot dude! well at least a post game no??

  • http://www.kb24.com The Seed

    What a waste of money, the should have gotten Charlie V. No wonder Ariza is mad with the Lakers when a take a charge, 6 reb, 4 point player can get 50 million. No wonder Lebron is leaving.

  • http://myspace.com/DATBOIFABIO fabio

    Next they are going to sign Michael Sweetney to a 5 year 70 million dollar contract….

  • http://myspace.com/DATBOIFABIO fabio

    wtf…I’m not fabio…

  • http://www.slamonline.com wayno

    Sorry, the last two posts were me…

  • http://slamonline.com Jacob J

    One word…Overpaid!

  • Teddy-the-Bear

    Andrea Bargnani >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Andy aka Carlito Cool X 2000000000000000


    It’s only about 6.3 million plus raises. It’s a lot but he plays 4 and 5, is young and energetic, and Lebron really likes him and wants him around. He was offered more per year elsewhere but for less years. Full exemptions still available for other signings. Cavs are doing OK so far.

  • jose

    its weird how the spurs just get so much better and no one knows of it untill way later. But Varejao is worth the MLE max!!!!no more than that


    I can’t believe this, Varejo gets 50 mill but Iverson can’t even get a MLE or a decent contract from some team? ah man somewhere the basketball gods are crying

  • http://www.hibachi20.blogspot.com Hursty

    If only this was a 10 year contract… *sigh*

  • madis

    it was a must sign situation for ferry cause nobody else not over 50 was available that fits in the cavs system. varejao is 27, still improving and has good chemistry with lebron. if they would of let him go, there would have been darnell jackson or injured jj hickson starting at 4.

  • Duiduidui

    He is the only player in the NBA that excels in something that is not basketball related , acting. Now he will be starting in a movie call , WAY OVERPAID.

  • madis

    going after those loos balls, rebounds, getting under opponents big men’s skins, not turning the ball over, charges, hustle and energy is very basketball related. Cavs are a defensive team and he is their best defensive big guy. Yes, he couldn’t handle D12 but that’s why they now have Shaq. Andy V’s stat’s are just half the story.

  • john

    very overpaid

  • #6marjon

    Varejao IS the salary cap

  • http://www.realcavsfans.com Anton

    Anyone else feel that earthquake in Ohio? That was the collective state in a massive facepalm.

  • http://www.lkz.ch Darksaber


  • Alan

    if Varejao is worth 50 Millions, LBJ is worth 1.000 Millions…

  • John

    Hey, actors are expensive

  • RedRum

    Someone is really messing up the Cavs… Millsap is on the market for 7-8 mil per year, and they are paying Bob 10??? are you freaking kidding me???

  • qp

    i mean really, this is a big mistake. he does not deserve all that money. he is in the nba and for what intangibles, 50 mil for that, that is ludacris, he deserves a total of at 2 mil max over 5 years. he is not worth it. not at all!!!!

  • Son of Shawn

    Somewhere, just now, Mr. James Michael McIlvaine is smiling.

  • Danny W UK

    And I rememeber how much Mr McIlvaine killed yo Daddy’s morale/willingness to work for the team etc etc. Although he shoulda been mad at Management and/or Mr McIlvaine’s agent. This won’t happen with LeBron. My only thoughts are that maybe Sideshow Anderson gives LeBron good head in the showers, so he has to be in for the long run. Once Sideshow tried that f**ked up lay up/finger roll sit, with the clock winding down in the Finals ’07, I’d have beaten his as and kicked him out the League. Fo Sho.

  • ngoiekafita

    What Milsap is still on the market for 7-8 mil?
    Oh Lord, please strike Ferry!!!
    These are depressing times in Cleveland. Poor LeBron, management are just handing him over to Jersey on a silver platter.
    As much as I love the guy, this ain’t right!
    Who’s is goin to be the main dude after Bron bolt? Andy? Maybe they might ask Ferry to start playing again?

  • madis

    @ RedRum
    They’re paying him around 6,3 (plus incentives that’s 8,3). How exactly is Bob gettin 10?

    Plus, even if the Cavs would’ve let Varejao walk, they only have the MLE (around 8 mil) to spend on FA-s. They still have that. 3 is now spent on Parker, who is a solid addition.

    The Cavs did not have money to add a player like Charlie V or David Lee. And the top FA-s didn’t simply want to come to Cleveland. It’s a ok deal, although 6 yrs is a little too much.

  • RedRum

    I missed it is a 6 year deal, thought it was a 5. Still, for the same money (8mil) they get Millsap, a legitimate PF starter, not a 7-8th player in a rotation…

  • Pancho

    Millsap COULDVE worked in the system, but you know that in the Cleveland front office they are suckers for team chemistry, and nobody gets along better with LBJ than Andy. Plus he does exactly what a defensive minded coach would want. Take charges, bother and frustrate opponents, flop and get a couple of calls every game. This IS the player that will keep the cavs defensive identity. When the Spurs were winning they had 3 of 4 of these guys. Just plain defensive floppers. And it works. Ferry knows this.
    And the money is just a tad over the MLE, I think the cavs are doing just fine. Definitely better than last year.

  • Pancho

    And on offense, where else are they going to find a guy who will definitely not even complain if he doesnt have a play called for him?
    Andy is happy setting 3,4 screens every possesion, waiting to sneak behind defenders who have their eyes stuck on LeBron and now Shaq (who is also a good passer).
    Most of LeBrons fanciest assists last year were passes to Andy, cause he was the one trying to get open when everybody else is just staring at the King.
    And he gets garbage points.
    I think letting Andy go would’ve been a terrible move. They dont need another go-to guy on offense, hell no. And few people in the L can play post D like Andy V.
    If you guys dont know how important Varejaos role is in the Cavs rotation, and dont see how this was another good move by D.Ferry, you just didnt watch the cavs play last year.

  • Pancho

    They are going to KILL the Magic now. They can guard D.Howard, Vince and Rashard with single coverage. And the Celtcs are just going to be hurt again.
    Cavs to the Finals 2010, both Shaq and LeBron against Kobe!!!

    P.S. I really to not want to even think about 2010 FA period, so no comments on where is LBJ going after this season. Im just happy they are better this year.

  • JMac

    i guess Danny Ferry see Andy averaging 20-20 in the post-LeBron era

  • RedRum

    That is what I thought… either Lebron told them to sign him at any cost or he screwed them to overpay Bob so he can have an excuse to leave (I don’t see them making the finals…). 8mil is a lot of money, yes, Bob brings a defense, but you are playing 4 on 5 when on offense when he is in. Especially now that the league has at least 6 teams that look loaded in all positions, you cannot afford that

  • http://www2.gsb.columbia.edu/faculty/jstiglitz/ NICK KALATHES

    1) O-V-E-R-P-A-I-D…….
    2)GREECE to the semifinals of the U-19 WORLD CHAMPIONSHIP in New Zealand after completely destroying Argentina(86-60)!!!!!

  • RedRum

    2)and yeah, some of the best young players in the world and no one plays for their teams…

  • http://dillanleuyahoo.com Holy Baller

    Pancho: Couldn’t agree more with what you said. Right on.

  • MalanaCream

    42 mil for 6 years is fine… Varejao is not the best player in the wolrd but he helps a lot on D. 8-8 dont say everything, the guy is a hustler and can annoy everybody on the flor. I liked.

  • http://www.knicks.com Flip Tokens

    42 Mil garunteed may seem like a lot but go to espn.com and look at player’s salaries. Verajao is worth appx 8.5 mil a year by far.

    I use to hate Verajao! BUT if you watched the Eastern Conference Finals, Verajao was the one keeping the Cavs in the game! If you just paid attention to him instead of LeBron you have seen the DEFENSE he was playing on RAFER ALSTON! He cause many turnovers, steals, and grabbed boards.

    Also, he made his clutch lay-ups when LeBron dished him the rock with in crunch time.

    Look, it’s NOT 50 mill a year, it’s 42+mil over FIVE YEARS. It makes sense.

    Lamar is worth at LEAST 14 MIL PER YEAR! Not 8 Mil! The only way Lamar would sign for less than right now is if he re-signed with the Lakers BECAUSE HE WANTS TO WIN! If he left L.A. he’s not signing for anything less than that!

  • John

    I think Mr. Ferry doesnt like the Cavs too much why else would he want sideshow Bob to get that kind of contract

  • SK

    How is Verejao versatile? I can’t believe they gave him a 6 year deal for $50 million, unless years 3-6 are each team options.

  • RedRum

    Blazers just offered 32m for 4 years for Millsap… you mean to tell me that Bob and Sap are worth the same amount of money??? Only in the NBA…

  • Tom

    wow this is how they try to keep lebron past 2010. Epic fail.

  • Teddy-the-Bear

    LMFAO @ John 5:40 am.

  • Randy Brown

    There’s not a team in the League that wouldn’t want Varejao. Not for $50 mil of course

  • chris

    man people in ohio must be in distress…no Pro championships since the 60′s ur precious Buckeyes lost in the National championship game 2 times in a row… …ya aint keepin Bron and now ya spent 50 on varejao??? i’d move to michigan at least there they have the pistons….ehhh

  • RedRum

    Just to put it in perspective, Artest signed a 5 year deal for the mid-level…

  • Pancho

    Well the truth is everybody thinks they have more game than Andy and they are jealous cause they’re not getting paid that much.
    Whole buch’o haters.

  • Boston4lyfe

    wowwwwwwwwwwww…..HE SUCKS!!!!!! are you kidding me?!! He’s SUCH A BAD forward its not even funny. KG can run faster than him…and he’s TALLER!

  • Chris

    Anderson is terrible. big waste of money. we should have just got rid of him. worst move the cavs have made in the past couple years.

  • D12FSU

    That’s 1 million for every flop he will “perform” on Dwight next season

  • http://yahoo.com Domo

    50million ? What da hell is danny ferry thinking….Than Portland Billionaire owner Paul Allen should give lebron a five yr 50million dollar contract than…Seriously he wouldn’t miss a dollar…

  • Bubba 2 stepp

    Let’s call it what it is, he’s over paid for his services… Holy Bailer—setting picks is basic basketball—and energy—-give me the Bird man in Denver for an energy guy, at least he finishes strong and plays fearless… we needed to spend our efforts on a realy number 4, what a waist, Fairy needs to go just like Mike Brown

  • andrew

    I need Feagan as my representative.