The Cavs offered their number 4 pick and their TPE for Rudy Gay, Memphis rejected.
This wasn't such a good idea for Cleveland anyway, they need to wait for Baron to expire or trade him, trade Hickson and Varejao while they have value, I think they revisit this trade if they are able to draft Derrick Williams with the 4th pick, they could add Hickson in their deal...
Or just go for Iguodala...