News just broke that the Timberwolves have agreed to a trade with the Cavs for Kevin Love.
Word has also come out via Yahoo’s Adrian Wojnarowski that he has agreed to an extension with the Cavs for $120M over 5 years:
The Minnesota Timberwolves have reached an agreement in principle to send All-Star forward Kevin Love to the Cleveland Cavaliers for Andrew Wiggins, Anthony Bennett and a protected 2015 first-round draft pick, league sources told Yahoo Sports.
Cleveland is making the deal with Minnesota with a firm agreement Love will opt out of his contract in 2015 and re-sign with the Cavaliers on a five-year, $120 million-plus contract extension, league sources told Yahoo Sports. …
This is a great deal for Cleveland in my mind. You get a star entering his prime and a perfect running mate for LeBron James. Also, Love gets paid and get to play for a winner. Plus the Wolves get young talent. It really is a win-win.