Has that been announced or are you referencing that rumor from yesterday by the Miami writer?
If that happens Dan Gilbert will have lost all the good will he created with that epic letter.
It even says the Cavs did the deal on their website. Gilbert did what was best for the team with the sign and trade. I don't blame him. LeBron was going to make as much money in Miami as if he resigned in Cleveland anyways.
I'll have a disagree I think it's a pretty dumb move on his part. But too each his own. Didn't that help the Heat the team he's aiming to beat to the Finish line?
No it didn't help the Heat.
The Cavs get a $14.5M trade exception, 2 future first round picks (2012 and 2014?) and the right to swap first round picks in some other year. It was a very good deal from the Cavs POV. They now have ammunition (trade exception and picks) to rebuild quickly.
They also still have about $13M in cap room this year.
For example, the Cavs could use the existing cap room to get Al Jefferson. Then use the trade exception on, for example, Rip Hamilton (rumored to be on the block) + a Detroit 1st rounder. Starting lineup would be Mo Williams, Rip Hamilton, Antawn Jamison, Big Al, Sideshow Bob. Boobie, Parker and Hickson would be the first three off the bench. They need another couple of big men, but that's a team that makes the playoffs in the East.