I'm not advocating for this move at all - could this be executed as two separate trades? Giles for the pick; then Bazemore for Love the day after?
Also I can't see Cleveland giving up their pick when they have nothing.
In
principle that would work. You don't even have to wait a day, teams will routinely execute trades simultaneously. It's not infrequent that a reported multi-player trade turns out to be two or more simultaneous trades for cap purposes.
But as I was saying, in
practice Bazemore's contract is not large enough to cover the return of Love's contract under salary cap rules, so that particular bit of cleverness wouldn't work. It also doesn't look on first glance that we could yank Cleveland into the current (not-yet-executed-until-today-sometime) trade to make it a three-way because we would still not be giving enough outgoing salary to bring back Love. I take that back. I think there's a way. If we did:
CLE out: Love ($28.94M), 1st rounder
CLE in: Bazemore, Dedmon, Giles ($35.19M)
POR out: Bazemore, Tolliver ($20.89M)
POR in: Ariza, Swanigan, Gabriel ($15.68M)
SAC out: Ariza, Dedmon, Swanigan, Gabriel, Giles ($31.59M)
SAC in: Love, Tolliver ($30.56M), CLE 1st
It looks from a glance that the salary cap would be OK. Furthermore it looks like Cleveland only has 13 roster players right now (and 2 two-way guys) so they have space to absorb the three contracts. Portland has 14 roster players and can absorb the extra contract just as they are in the trade as currently constructed.
For Portland, all contracts are expiring, so they're saving some money and hoping that Ariza will help their bottom line this year. Cleveland gets a trial-run on Giles (but can't pay more than about $4M next year, by trading for him they would be stuck under the same rules we have) and takes on about $17M in guaranteed money (this year and beyond) to dump $91M in future salary to Love, so a savings of $74M (which is TOTALLY worth a first round pick!)
The Kings have the tough one to stomach here in that they take on about $77M of additional salary and get one pick and Love cluttering the salary cap for three more years. If Love beasts, hey, it's worth it. But I think we may have seen the best of Love already. He's already basically sitting the second half of back-to-backs every time, so how much is he really going to be able to play three years down the road? It's a bad contract and forces the Kings into salary cap hell for three more years as they try to sign Fox and Bagley to presumably big deals, and figure out what to do with Bogdan... I just don't know if Love is physically up to the task, and if he's not you've just handcuffed yourself badly for three more years.