The Cavs agreed to a six-year, $50 million deal with Anderson Varejao on Wednesday.

But they are far from being over. My guess is that they split the $5.8 million mid-level exception in half and made offers to guard/forward Anthony Parker and forward/center Channing Frye.

That adds up to about $2.9 million to each player. Parker, 34, could be signed for two years, maybe three. The 6-6, 215-pounder could be the athletic wing defender they so desperately need.

Frye, a 6-10, 235-pounder, is not a banger inside by any means. He's a finesse big, who can shoot the 18-footer.

If he turns down their deal, they could offer part of their mid-level to Joe Smith.