There are reports, seemingly for real, that the Bobcats have offered Anderson Varejao a three-year, $17.4 million deal. Analysis indicates that the Cavs will obviously match this offer. What is not clear, to me, is whether the offer indicates that Varejao has agreed to sign for that amount. It seems that that is the case.

What's weird is that, since he's a restricted free agent, the Cavs have the right to match the offer and keep Varejao. My understanding is that this is a done deal - as long as they match, he must sign with the Cavs and he's back on the team. But this is especially strange because the Cavs had a BETTER offer on the table. I believe it was three years, $20 million. Again - this is how I understand it - the Bobcats' deal is for two guaranteed years, with a player option for the third year. So becoming a free agent a year early is the impetus behind Varejao's acceptance.