<div class='quotetop'>QUOTE </div><div class='quotemain'></p> <div class="bi">Much To Do About Nothing</div> <div> <span style="font-style: italic">Nov 7</span> - The latest chapter in the Anderson Varejao fiasco is much to do about nothing. A "league source" told SI.com that Varejao, who has missed the entire preseason and the first four regular-season games in a contract holdout, would be willing to accept a one-year offer from the Cavaliers worth at least the mid-level exception ($5.3 million).</p> </p> The Cavs aren't interested in such a deal, a source said. And why would they be?</p> </p> If they agreed to a one-year contract, Varejao would be able to walk away at the end of the year and they would get nothing in return. He's too valuable a player to allow him to walk at the end of the season.</p> </p> "We have continually conveyed that we value Anderson as a core member of this basketball team," Cavs general manager Danny Ferry said. "Once he declined the one-year qualifying offer ($1.2 million), we thought it was in our short- and long-term interests to extend what is considered a very fair-market value offer to Anderson and try and keep him as a member of this team for several years to come, and we communicated that to him." -- <font color="#000000">Willoughby News-Herald</font></p> </p> </p> [*]While it may seem like a new overture because Varejao's one-year olive branch has been made public, insiders said the one-year offer was pitched by Varejao's side and rejected by the Cavs more than a month ago. </p> Ferry has been mostly tight-lipped about the process, but he's made it clear the team has made several multiyear offers to Varejao. It is believed those offers, starting at three seasons, would've paid him in excess of $5 million starting this season.</p> </p> Varejao had the option of taking a one-year contract, known as a qualifying offer, by an Oct. 1 deadline. Had he accepted it, he would've been an unrestricted free agent next summer. That offer was for $1.2 million under the rules of the collective bargaining agreement. According to sources, once that offer expired, the Cavs became unwilling to sign Varejao to any sort of one-year deal. -- <font color="#000000">Akron Beacon-Journal</font></p></div> </div>
