The Cleveland 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 on Dec. 23.
The Cavaliers 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.