Wiggins, Cavs near contract announcement

Published:

Record-Courier staff report

Practically since the day he was drafted, Andrew Wiggins has heard his name swirling in the rumor mill.

Most recently in potential trade talks with the Minnesota Timberwolves in a deal for All-Star forward Kevin Love.

One thing that appears much more certain than all of those rumors is the fact that the Cleveland Cavaliers are preparing to sign their rookie small forward to a contract.

According to a report by ESPN on Sunday, the Cavs are expected to announce a multi-year deal for the No. 1 overall pick in the next couple of days. The deal will reportedly pay Wiggins $5.5 million, which is the maximum permitted for a rookie under the league's new collective bargaining agreement.

After signing the contract, even if the Cavs do want to potentially trade him, they would not be able to for the next 30 days under NBA rules.

Cleveland has also yet to officially announce the signing of sharpshooters Mike Miller and James Jones. Without the contracts for Miller, Jones and Wiggins, the Cavs are currently $1.5 million under the league's salary cap. The three signings will push the team over the cap of $63.065 million.

Technically, Miller's contract cannot even become official until Cleveland goes over the cap since the franchise is using its mid-level exception of $2.7 million to sign him. It only applies to franchises that have salary cap room entering an off-season, but subsequently use all of it.

Jones will receive a veteran's minimum contract, the value of which is based on how many years a player has spent in the NBA.

The same scenario would apply to shooting guard Ray Allen, who is weighing a one-year offer from Cleveland against retirement. It is widely expected that the 39-year-old free agent will decide within the week.

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