Worth the wait? Cavs sign Wiggins, rumored Love deal put on hold

Worth the wait? Cavs sign Wiggins, rumored Love deal put on hold
July 24, 2014, 4:00 pm
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CSN Staff

If the Cleveland Cavaliers have dreams of pairing LeBron James with All-Star power forward Kevin Love, those aspirations will have to be put on hold.

For 30 days...

The Cavaliers announced on Thursday afternoon that they have signed No. 1 overall selection Andrew Wiggins. The rookie deal will start at $5.5 million. Wiggins will be eligible for an extension after his third season in the NBA, but the salary increase wouldn't kick in until his fifth season in the pros.

[RELATED: New Bulls players emerge in latest Kevin Love trade rumors]

Due to the terms of the Collective Bargaining Agreement, once a draft pick signs their rookie contract they cannot be traded for 30 days.

Wiggins, who's name has been floated in trade rumors with the Timberwolves for Love, can still be traded but the two teams can't make any deal official until the 30 days window is up.

The Cavs are rumored to have the best deal on the table for Love, which also reportedly includes Anthony Bennett, future first-round picks and other assets.

[MORE BULLS: Gibson talks trade rumors, Bulls roster, Melo at camp]

The Bulls are also in the mix for Love, and have reportedly offered Taj Gibson, Doug McDermott and Nikola Mirotic to the Timberwolves. Like Cleveland, the Bulls would also have to wait 30 days to make any trade official after signing McDermott and Mirotic to rookie contracts in the past week.

Cleveland also signed rookie second-round pick Joe Harris Contract to a three-year deal on Thursday.