If we are pretending this is legit (very far-fetched), it would give the Cavs one great opportunity at a championship this year, but they absolutely couldn't keep this team together next season. They are already well into the luxury tax, can you imagine Cousins with a $15M/yr increase and IT with a $20M/yr increase? That would be an insane penalty!
It also has all the makings of a BKN 2013-14 go-for-it situation with KG and PP, except for in this instance, half of the Cavs roster would be insane. If/when it blew up, the Cavs would be left with nothing and NOP would hold a very valuable pick (plus Shumpert).