Varejao might sign a one year deal

Accroding to Sports Illustrated, Anderson Varejao is willing to accept a one-year deal worth the mid-level figure of $5 million according to a source.

It has been widely reported that Varejao was seeking a deal along the lines of five years and $60 million.

A one year deal might be a good compromise for both parties and would offer long-term protection for both sides. Varejao would become an unrestricted free agent, but the Cavs would still hold his Bird Rights. They would be able to go over the salary cap to re-sign him, or work a sign-and-trade.