For my reference more than for yours:

frenchbroad:gfs.git risk2$ git cvsimport -v -d :local:/Volumes/LabShare/cvsroot GFS-Vec-V2
Initialized empty Git repository in /Users/risk2/Documents/gfs.git/.git/
Running cvsps...
cvs_direct initialized to CVSROOT /Volumes/LabShare/cvsroot
cvs [rlog aborted]: -t/-f wrappers not supported by this version of CVS
A legacy version of cvs with -t/-f wrapper support is available as: /usr/bin/ocvs.