Blazers Waive Anderson Varajeo - Signs With Warriors

[key2win]

Per ESPN from trade yesterday.

With the deal completed, the Blazers placed Anderson Varejao on waivers. He is owed $9.7 million this year, $9.3 million in 2016-17 and $4.5 million from his partially guaranteed deal in 2017-18. Varejao has a 5 percent trade kicker that will be worth an extra $626,825.

The Blazers will use the stretch provision to pay the remainder of Varejao's salary over five years. Portland took on Varejao's deal in part to reach the mandated salary-cap floor.

[key2win]

Anderson Varejao agrees to deal with Golden State Warriors

Former Cleveland Cavaliers forward Anderson Varejao confirmed Sunday that he will join the defending NBA champion Golden State Warriors.

Varejao, who was waived by Portland after the Blazers acquired him from the Cavs, told Cleveland.com in a text message that he agreed to a deal with the Warriors.

Varejao cleared waivers Sunday and will earn the veterans minimum with Golden State for the remainder of the season, sources told ESPN's Marc Stein.

The Warriors, who own the NBA's best record at 49-5, were competing with the rival Spurs for Varejao, who spent his first 11-plus seasons with Cleveland.

Varejao, 33, appeared in 31 games this season for the Eastern Conference-leading Cavs, averaging 2.6 points and 2.9 rebounds per game. But the 6-foot-10 Brazilian will add much-needed size to the Warriors, who are short-handed along their front line because of injuries.

Golden State would have to release a player to create an open roster spot, but it has a need for an additional contributor on the front line with Festus Ezeli recovering from arthroscopic knee surgery and Andrew Bogut nursing an Achilles injury.

Varejao was dealt to Portland on Thursday before the league's annual trade deadline as part of a three-team swap that landed Channing Frye with the Cavaliers. The Blazers promptly agreed to waive Varejao despite the two years and nearly $14 million in guaranteed money left on his contract after this season.