Breaking News: Bobcats Offer Varejao Contract
Posted by disappointmentzone on 4 December 2007
The Charlotte Bobcats have offered restricted free agent Anderson Varejao a three year contract. The offer is for $17.4 million, with an opt-out clause after year two. The Cavs have seven days to match the offer or else Varejao will be lost and gone forever.
There is no way the Cavs don’t match this offer.
UPDATE: QUICK ANALYSIS: According to reports the first year of the contract is worth $5.36 million, which is less than the amount the Cavs were offering in their three-year, $20 million deal. Varejao must seriously want to be an unrestricted free agent to leave money on the table for the chance to be unrestricted one year sooner. Should Varejao opt out after year two he’d be opting out in the summer when Snow, Gooden, Jones, and Marshall come off the books, which means that the Cavs would have the cap room to either resign him to a longer deal or aggressively pursue someone in free agency, knowing that Hughes, Z and Pavlovic are coming off the books the following season. The opt-out clause damages the value of the contract as a trade chip.