Anderson Varejao is close to agreement on a new three-year contract worth an estimated $30 million, ESPN reports.

Varejao is close to agreement on a new three-year contract worth an estimated $30 million, ESPN reports.

Analysis:

Varejao is currently entering the final year of a contract worth $9.7 million this season, but the career-long Cavalier is reportedly very close to extending his stay in Cleveland. Recently dubbed the Cavaliers' starting center, Varejao could pen his new contract in the coming days, while teammate Tristan Thompson has until midnight Friday to secure an extension with the Cavs.