The Minnesota Timberwolves have agreed to a trade that would send Kevin Love to Cleveland in exchange for Andrew Wiggins, Anthony Bennett and a 2015 first-round draft pick...but the trade can't be made or officially announced for two more weeks.
The trade - rumored for weeks but officially confirmed by Yahoo!'s Adrian Wojnarowski on Thursday morning - will put the speculation to rest, although the move can't be made official until August 23. Because first overall draft pick Andrew Wiggins can't be traded within 30 days of signing his rookie contract, the NBA won't sign off on the deal until that window is up.
Love, 25, has been unhappy in Minnesota for some time. With the Timberwolves resigned to trading him this year instead of losing him for free once he becomes a free agent next summer, the Golden State Warriors and the Chicago Bulls also made offers for Love, but neither could match Cleveland's offer.
Under the terms of the agreement, Love intends to opt out of his contract in 2015, then sign a five-year, $120 million extension with the Cavaliers. According to Wojnarowski, the teams agreed on the deal several weeks ago, but plan to stay quiet until the trade can go official on August 23. Interestingly, Woj reports that the Cavs believed Love would go to Chicago if they didn't move for him, which would create a major roadblock in the Eastern Conference.
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