It has finally happened, at least in concept. The Minnesota Timberwolves have agreed to a trade Kevin Love to the Cleveland Cavaliers.
The agreement will send trade Kevin Love to the Cleveland Cavaliers for 2014 No. 1 overall pick Andrew Wiggins, 2013 No. 1 overall pick Anthony Bennett and a protected 2015 first-round draft pick.
The trade cannot be finalized until August 23 due to an NBA rule which prohibits draft picks from being traded until 30 days after signing a new contract; Wiggins signed his rookie contract on July 24.
Many sports journalists have reported that Love had been excited by the idea of playing beside LeBron James since the two were Olympic teammates in 2012.
Love is not troubled by James' two year contract with the Cavs and has, according to many sources, verbally committed to re-sign with the Cavs next summer for five years $120 million after opting out of his current contract.
The current collective bargaining agreement includes a segment which specifically regulates salary cap circumvention, like agreeing to a future contract while under a previous, restricting teams and players from making future contractual arrangements.
The rules dictate the Cavaliers and Love make no agreements about future commitments, even verbally. If the Cavaliers and Kevin Love came to a verbal agreement regarding future contracts the Cavaliers may face punishment from the league, likely in the form of draft penalties or cap holds.
Andrew Wiggins told ESPN, when asked Sunday about the likelihood of being traded, "I just want to play for a team that wants me. So whichever team wants me I'll play for."
The Cavs signed Wiggins to his rookie contract, which averages about $5.5 million annually. Anthony Bennett is positioned to make over $5.5 million next season, but the Minnesota Timberwolves have team options of $5.8 million for the 2015-2016 and $7.3 million 2016-2017 seasons.
Kevin Love is in position to make more than Wiggins and Bennett combined next year, $15.7 million.