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Report: Cavs plan to sign Wiggins this week

By By The Sports Xchange
Published On: Jul 21 2014 09:33:42 AM CDT
Updated On: Jul 21 2014 03:21:22 PM CDT
Andrew Wiggins, Kansas Jayhawks

Ron Chenoy-USA TODAY Sports/Reuters

The Cleveland Cavaliers plan to sign No. 1 overall draft pick Andrew Wiggins to a contract this week, according to ESPN.com.

The delay in signing the rookie shooting guard is reportedly not related to speculation that the team may trade him to the Minnesota Timberwolves for All-Star power forward Kevin Love.

Instead, the Cavaliers have been looking for ways to use their remaining $1.4 million in salary cap space before signing Wiggins to a contract that will pay him about $5.5 million this season.

The Cavaliers and Timberwolves have been in talks about a trade involving Wiggins and Love since star forward LeBron James decided to return to Cleveland.

However, NBA rules dictate that once Wiggins is signed, the Cavaliers must wait at least 30 days before they can trade him.

The Cavaliers want to use their remaining cap space to sign their second-round picks, guard Joe Harris and forward Dwight Powell, and then sign Wiggins. If they sign Wiggins first, they will not have the cap space to sign the other players.

Cleveland can then use its $2.7 million "room" exception to sign free agent forward Mike Miller to a two-year, $5.6 million deal. The Cavaliers also want to bring in free agent shooting guard Ray Allen to for the $1.4 million veteran's minimum contract.