The Cavaliers have been granted a disabled player exception valued at almost $5 million in the wake of Anderson Varejao’s season ending Achilles injury. the Cavaliers learned Wednesday from the league office that they have received the DPE worth nearly $4.9 million after Varejao was felled by the tear in his heel. The Cavaliers, whose frustrating months-long search for frontcourt reinforcements has been well-documented, can now use the exception to sign one player or trade for a player on a one-year contract whose salary does not exceed that amount. The DPE expires March 10. It should be noted, though, that Cleveland has already been scouring the trade market with a similar trade exception valued at $5.3 million, which it created in late September by trading veteran guard Keith Bogans to Philadelphia in a three-team swap. The Cavs have been pursuing a number of centers dating back to the summer.
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