Thursday, July 24, 2014

Cleveland signs Wiggins, can't be traded for 30 days

ESPN
The Cleveland Cavaliers officially signed No. 1 overall pick Andrew Wiggins to a contract Thursday, meaning he cannot be traded until at least Aug. 23.

Wiggins has been involved in trade discussions between the Cavs and Minnesota Timberwolves as part of a deal that would send Kevin Love to Cleveland. Because of league rules on rookie contracts, such a deal now cannot be completed for 30 days. Wiggins, who signed a four-year deal, will have a starting salary of $5.5 million after the Cavs gave him the allowed 20 percent premium on the rookie scale, sources said.

Cleveland's decision to sign Wiggins makes it easier for them to trade him. Before his deal, he had zero value on the salary cap but his contract - worth $5.5 million - could allow the Cavs to clear enough room to take on a Love contract, who is set to earn $15.7 million next season.

Some teams have hope with the 30 days thing, but these two teams can agree, and then strike the deal officially 30 days from now.

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