Varejao will sign for 1 year deal.

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Pugz

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SI.com -
Cleveland has no intention of taking up Anderson Varejao on his offer to play for a one-year $5 million deal, according to a source.

"The team told the player's agent if the qualifying offer passed, they would not entertain a one-year deal," the source said Tuesday. "They were told at the time, if we can't get a deal done by the [time the qualifying offer expired], the team would not do a one-year deal."
 
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