Report: Love headed to Cavs with agreement he will stay long term
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Adrian Wojnarowski of Yahoo Sports reported Thursday morning the Wolves will send Love to Cleveland for Andrew Wiggins, Anthony Bennett and a protected 2015 first-round draft pick. Wojnarowski cited league sources in his story.
The trade information is not new but what is fresh is the fact the Cavaliers have a "firm agreement" that Love will opt out of his contract in 2015 and then re-sign a five-year, $120 million-plus contract extension with Cleveland.
This all could be announced but for an NBA rule that the trade can't be finalized until Aug. 23 because Wiggins is prohibited from being traded until a month after he signed his rookie contract. Wiggins was the top overall pick in the NBA draft last June.
That means that either the Cavaliers or Wolves could back out of this trade but there are no indications that will happen. Wojnarowski reported there is no third team involved in this trade. That's interesting because there have been reports that the Philadelphia 76ers might send Thaddeus Young to the Wolves with Bennett, the No. 1 pick in the 2013 draft, ending up in Philadelphia.
Wojnarowski writes that sources told him "part of the Cavaliers' motivation in making the deal for Love was a belief Love would have ended up with the rival Chicago Bulls in a trade and created a significant obstacle in the Eastern Conference."
Another issue for the Cavs, according to Wojnarowski, is that "Cleveland wouldn't have had the salary-cap space to sign Love next summer and could have only obtained him through the trade with Minnesota in a deal now."