Report: Cavs have trade, long-term extension in place for Kevin Love
Kevin Love to the Cleveland Cavaliers is as official as it can be without actually being official. Adrian Wojnarowski of Yahoo Sports reports that the Cavs and Minnesota Timberwolves have reached a deal for Love and that Love has agreed to sign a long-term extension with Cleveland.
As expected, the T-Wolves will get Andrew Wiggins and Anthony Bennett in addition to a protected first-round pick. The deal cannot be finalized until Aug. 23 because of NBA rules prohibiting players from being traded within 30 days of signing a rookie contract.
Love has reportedly made a “firm agreement” with the Cavs that he will opt out of his current contract after the 2014-2015 season and sign a five-year extension worth around $120 million. Woj also added that the Cavs felt a sense of pressure to make the deal now knowing they would not have the salary cap space needed to sign Love as a free agent next summer. Had they not traded for him, the Chicago Bulls likely would have.
It does not appear that there is a third team involved in the trade, as was previously reported.
So what does it all mean? The return of LeBron James instantly made the Cavs a championship contender. The addition of Love makes them downright scary. While Wiggins is a phenomenal talent and could wind up being one of the best players in the league, Cleveland is likely better off with Love in the short term. LeBron will turn 30 next season, so time is somewhat of the essence.
Love is a proven talent and an NBA All-Star. If healthy, LeBron, Love and Kyrie Irving have a chance to dominate a weak Eastern Conference.