Varejao's New Contract a Head-Scratcher
Certainly he didn't just re-sign Anderson Varejao, the limited power forward, for six years and up to $50 million.
But apparently that's what he did, according to Brian Windhorst of the Cleveland Plain Dealer. And in the meantime, Dan Fegan is the early leader in the clubhouse for best performance by an agent in the offseason.
Apparently there was interest in Varejao from Portland and Oklahoma City, and rightfully so. Varejao is a solid role player, a dirty work guy and hard-fouler who understands how he can be most effective. He's gotten better since coming into the league.
But he doesn't have much on offense, and he likely never will. He can be a conscientious defender, but the league and officials seem to be onto his disingenuous flopping. He's a solid rebounder but an infrequent shot-blocker.
He's a very nice role player, and he's pretty young at 26. And apparently, that gets you $50 million these days. (Update: ESPN's Chad Ford has more details, saying the final year is only partially guaranteed and that $7.5 million must be earned through undisclosed incentives.)
This is the Corey Maggette signing of the summer of 2009. Remember, it was last year that Maggette was a free agent and there were no teams willing to offer him more than the mid-level.
The Warriors offered him upwards of $10 million per, and that was that. It's not that Maggette doesn't have worth. He does. But he doesn't have that much worth, and neither does Varejao.
And what happens in that situation is that it becomes hard to separate the player from the contract ... and that's never good for either side.
Congratulations to Danny Ferry for putting together a team that has a legitimate chance at a title in 2010. Hopefully, he'll get it, because this signing is going to smart for a while.