Latest News / Aug 7, 2014 / 9:45 am

Report: Cavs Have Agreement For Kevin Love, Including Extension Pact

Kevin Love

Kevin Love (Marilyn Indahl-USA TODAY Sports)

Just a couple days ago, the Cavs and ‘Wolves were said to have a “handshake agreement” on a deal sending Kevin Love to the Cavs in exchange for Andrew Wiggins, Anthony Bennett and a first-round pick. Now Yahoo’s Adrian Wojnarowski has confirmed the Love-to-Cleveland trade has been agreed upon, and Love has promised to sign an extension next summer.

It seems once the Love trade is completed on August 23, following the 30-day window after Wiggins signed his rookie contract, Love will go to Cleveland and Minnesota will receive Wiggins, Bennett and a protected first-round pick. There were rumors Philadelphia could act as a third team in the trade and include Thaddeus Young, but sources tell Yahoo there is no third team involved.

Perhaps the biggest development mentioned by Woj involves Love’s agreement with Cleveland to opt out next summer and sign a $120 million-plus max contract extension at that time, locking him down as a Cavs forward through his prime.

Love told Timberwolves management this summer he would opt out next summer and leave as a unrestricted free agent next summer, which is why he became such a hot trade commodity this summer. The ‘Wolves didn’t want to lose him for nothing. Now they’re getting the last two No. 1 picks in the NBA Draft, plus a future first-round pick. Here’s Yahoo:

The Minnesota Timberwolves have reached an agreement in principle to send All-Star forward Kevin Love to the Cleveland Cavaliers for Andrew Wiggins, Anthony Bennett and a protected 2015 first-round draft pick, league sources told Yahoo Sports.

Cleveland is making the deal with Minnesota with a firm agreement Love will opt out of his contract in 2015 and re-sign with the Cavaliers on a five-year, $120 million-plus contract extension, league sources told Yahoo Sports.

The deal cannot be finalized until Aug. 23, because Wiggins, the No. 1 overall pick, cannot be traded until one month following the signing of his rookie contract. The two teams have agreed to the deal, but neither would have recourse if the other decided to pull out of the arrangement before it can be formally completed this month. No third team is involved in the Cavaliers-Timberwolves trade agreement.

The precise terms of the deal have apparently been agreed upon for weeks, but Love and both teams plan to remain mum until the deal is officially announced in 16 days.

Sources also tell Yahoo part of Cleveland’s motivation for making the deal was the belief Chicago would acquire him in a trade, thereby creating a significant obstacle for them in the Eastern Conference.

The ‘Wolves are still looking to unload the contracts of J.J. Barea, Luc Mbah a Moute and Alexey Shved, but they won’t be included in any deals league sources told Yahoo.

For Minnesota, Andrew Wiggins is the cornerstone of the deal. They felt he has superstar potential and would be the greatest return on a Love trade. For Cleveland, now with LeBron James, Love, and Kyrie Irving for the long haul, the triumvirate immediately becomes favorites to win the Eastern Conference next season.

(Yahoo)

What do you think?

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  • 2cents

    Not wishing the Cavs ill will here, but does anyone take bets against me when I saw they won’t win a championship and Wiggins will go on to super-stardom? The Cavs have an improved Bennett, 1st round picks and a a great core with LBJ + Irwing. Let them gel for one year and this team will be dangerous for the next DECADE.

  • UncheckedAggression

    I’d take that bet in a second.

  • Onaje

    I’m kinda routing for that to happen…it isn’t because this nonsensical aversion to “super teams”, but I just don’t like classes organizations like the Cavs. I would have liked to see them give this team a year to grow at least, but Love is a catch.

    I do feel in two years Cavs would have been Campionship contenders for the next 5 years…now they have to scrape and scrap for old vets and hope not to see the Spurs in the Finals this year and that Duncan/Ginobli retire in the next couple years or don’t make it out of the west…

    Deep teams have the advantage and Cavs had an opportunity to be pretty deep.

  • 2cents

    So we say if they don’t win it in the next 5 years with the team consisting of Irwing, Love and LBJ that a new NBA jersey is on the line?

  • 2cents

    My sentiment all along is that Love is nice, but what the Cavs have is nicer. And they have it spread through more players. What happens if Irwing, Love or LBJ get injured for an extended period? What happens if those 3 don’t gel personality wise? Cavs have had the number 1 pick gifted to them 3 times and now they want to trade 2 of them away?

    Like you said, I want good things to happen to those players, but not to a classless franchise like the Cavs.

  • UncheckedAggression

    So you want to conveniently ignore the other part of the bet? You know, that Wiggins will go on to superstardom? And that’s why I wouldn’t make this bet with someone online. I don’t want to argue over what qualifies as “superstardom”. Making an all star team is not reaching superstardom. Neither is making 5. There are 2 real superstars right now in the league, and I’m very confident Wiggins won’t reach Lebron or Durant status. If he does, he will have beaten some incredible odds.

    Those two things–Cavs not winning a championship and Wiggins becoming a superstar–are far more unlikely to BOTH occur than some of you may believe. It’s been interesting to see how Dime readers perceive things, as they appear to have far more confidence in Wiggins than the average basketball junkie. That’s what I find most interesting about all the backlash against the Cavs on this website.

  • 2cents

    I didn’t forget, but you do raise a really good point. How do you define super-stardom? Statistics? All-Star votes? Endorsement deal value? So on that point, I agree with you, making a bet without defined values, makes no sense.

    I guess what I am trying to say about this deal, is that although Love might be a great addition to the Cavs “big-3″, it seems like their management has a short term memory problem, because the greatest “big-3″ in the game got soundly outplayed in last years finals.

    If the Cavs have any foresight, they will see that spreading the skills around, having young guys play together a few years, will result in a better chance at sustainable dynasty, than putting your trust in just 3 players to carry you consistently.