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Cavs, Andrew Wiggins Near Deal

WEDNESDAY, 2:59pm: The Cavs expect that they’ll receive a signed contract from Wiggins on Thursday, tweets Jason Lloyd of the Akron Beacon Journal.

SUNDAY, 6:25pm: The Cavs are planning to sign No. 1 overall pick Andrew Wiggins to a contract in the coming week, a source close to the process tells Brian Windhorst of  Wiggins, of course, has been linked to the Kevin Love talks, but the hold up in the deal reportedly wasn’t related to those discussions.

The Cavs, sources say, are merely exploring options for using their estimated $1.4MM in remaining cap space before signing Wiggins to a contract that will pay him in the neighborhood of $5.5MM as a rookie.  The Cavs and Timberwolves have been discussing a Love trade since the return of LeBron James, with sources saying that Minnesota is insistent on getting Wiggins back in any deal that sends Love to Cleveland.  Once Wiggins signs, though, league rules stipulate that the Cavs must wait 30 days before trading him.

One option under consideration for the Cavs, sources say, is using their leftover salary-cap space to create long-term contracts for recent second-round picks Joe Harris and Dwight Powell.  Signing Wiggins first would preclude such moves.

Once the Cavs exhaust their cap space and sign Wiggins, they are expected to officially sign free agent Mike Miller to a two-year, $5.6MM deal.  The Cavs also remain interested in free agent Ray Allen, but they’ll only be able to offer him a $1.4MM veteran’s minimum contract.

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8 thoughts on “Cavs, Andrew Wiggins Near Deal

  1. Zak Arn

    Wolves need to start it all over from scratch: Love > GS; Rubio > Houston.

    Wolves get Lee, Thompson, Jones, Motiejunas & a future 1st from Houston

    Houston gets Rubio & Green

    GS gets Love & Gee

    • J Hill

      Why does Houston want Rubio, they already have a PG who can’t shoot in Patrick Beverly.

  2. J Hill

    I think the Wolves are gonna lose Love for nothing.

    • DoodleWilly

      Sure looks like that, running a little low on time.
      Cut rate mid-season move?

      • Zak Arn

        Trade now, Trade mis-season, Sign & trade, or he walks to a team w/the cap space like the Lakers?

    • buffalonichols

      Sure doesn’t look that way. They’ve got multiple bidders at this point. It might take 30 days before the likes of Wiggins or McDermott and Mirotic can be traded, but they will get a decent haul when all is said and done.

      • J Hill

        That’s all fine and Dandy, but I think the Bulls rumor is literally just that, a rumor used to try and get the Cavs to give up too much. They should take Bennett and the 3 1sts and be happy about it. It’s better than paying Thompson a max deal in the first place.

  3. Zak Arn

    Gives the Cavs 30 day’s to come to their senses.

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