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Anderson Varejao signs with Warriors for veterans minimum

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What Anderson Varejao brings to the Warriors (2:46)

ESPN NBA writer Brian Windhorst discusses what Golden State will get out of signing Anderson Varejao and how the move may upset Cavaliers fans. (2:46)

The defending NBA champion Golden State Warriors announced on Monday that former Cleveland Cavaliers forward Anderson Varejao has signed with the team.

Varejao cleared waivers Sunday and will earn the veterans minimum with Golden State for the remainder of the season, sources told ESPN's Marc Stein.

The Warriors, who own the NBA's best record at 49-5, were competing with the rival Spurs for Varejao, who spent his first 11-plus seasons with Cleveland.

Varejao, 33, appeared in 31 games this season for the Eastern Conference-leading Cavs, averaging 2.6 points and 2.9 rebounds per game. But the 6-foot-10 Brazilian will add much-needed size to the Warriors, who are short-handed along their front line because of injuries.

On Monday, Golden State released forward Jason Thompson, creating an open roster spot.

The Warriors have a need for an additional contributor on the front line with Festus Ezeli recovering from arthroscopic knee surgery and Andrew Bogut nursing an Achilles injury.

Varejao was dealt to Portland on Thursday before the trade deadline as part of a three-team swap that landed Channing Frye with the Cavaliers. The Blazers promptly agreed to waive Varejao despite the two years and nearly $14 million in guaranteed money left on his contract after this season.

ESPN's Marc Stein contributed to this report.