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Bobcats, Varejao agree on three-year offer sheet

Updated: December 5, 2007, 12:16 AM ET
ESPN.com news services

CHARLOTTE, N.C. -- In need of a big man, the Charlotte Bobcats reached agreement Tuesday on a three-year offer sheet with Cleveland restricted free agent Anderson Varejao, giving the Cavaliers a week to match the deal or lose him.

A source close to the Cavs told ESPN.com's Chris Sheridan that Cleveland plans to match the offer sheet, meaning Varajao should be back in a Cavs uniform toward the end of this week.

ESPN The Magazine's Ric Bucher reported the offer sheet ...

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