Anderson Varejao is headed back to the Cavaliers, and that's apparently just fine with him.

"It's good. I'm happy. I'm going to be back playing basketball," Varejao told SI.com on Wednesday after Cleveland matched the Bobcats' three-year, $17 million offer sheet for the restricted free agent, who could opt out and test the market again after the second year of the deal.

"I am grateful to the Bobcats for signing me to the deal I wanted," he said. "But the rules ... I was restricted. ..., but I'm happy to be in Cleveland."