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Sports Transactions From The Sports Network
Friday, October 31, 2014

BASKETBALL

Cleveland Cavaliers - Signed center Anderson Varejao to a multi-year contract extension.

Minnesota Timberwolves - Agreed to terms with guard Ricky Rubio on a four-year contract extension.

Philadelphia 76ers - Exercised the third-year team options on the contracts of guard Michael Carter-Williams and center Nerlens Noel; exercised the fourth- year team option on the contract of guard Tony Wroten.

Utah Jazz - Signed guard Alec Burks to a multi-year contract extension.

As of October 31, 2014, at 10:51 PM ET