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Varejao agrees to multiyear deal

Updated: July 9, 2009, 5:12 PM ET
By Chad Ford | ESPN.com

The Cleveland Cavaliers have agreed on a multiyear deal with free agent Anderson Varejao.

The deal is worth $42.5 million over six years, and the final year is only partially guaranteed. Incentives could push the total amount to $50 million.

Cavaliers general manager Danny Ferry announced the signing Thursday afternoon. The 6-11 center/forward from Brazil has played five years in the NBA, all with the Cavaliers.

"Andy made it clear from the beginning of the process that ...

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