Reports: Cavaliers, Varejao reach deal

CLEVELAND -- The Cleveland Cavaliers and Anderson Varejao reportedly have agreed on a six-year contract that could be worth as much as $50 million.

Agent Dan Fegan told The Plain Dealer late Wednesday that the club and Varejao have agreed on a new contract. The team would not confirm the report Thursday morning.

General manager Danny Ferry had earlier stated his intent to re-sign the 6-foot-11 Brazilian.

Varejao did not exercise his option on a $6.2 million contract for next season, making him an unrestricted free agent.

Known for his hustle, Varejao posted career-highs with 42 starts, 8.6 points per game and a field-goal percentage of .536 last season.