In need of a big man, the Charlotte Bobcats reached agreement Tuesday on a three-year offer sheet with Cleveland restricted free agent Anderson Varejao, giving the Cavaliers a week to match the deal or lose him. The deal is for the Bobcats’ midlevel salary cap exception, worth just over $17 million. Varejao could opt out of the deal after the second season and become an unrestricted free agent.
Bobcats sign Varejao to offer sheet
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