Wolves, Cavs agree to Kevin trade

— -- The Minnesota Timberwolves have reached an agreement in principle to trade Kevin Love to the Cleveland Cavaliers for No. 1 overall pick Andrew Wiggins, 2013 No. 1 overall pick Anthony Bennett and a protected 2015 first-round draft pick, according to media reports.

ESPN's Brian Windhorst reported Monday that the Cavs and Timberwolves have a "handshake agreement" for a Love trade. Yahoo! Sports reported on Thursday that Love has committed to to opt out of his contract in 2015 and re-sign with Cleveland next summer five years and $120 million-plus.

The trade cannot be finalized until Aug. 23.