The Cavaliers are in trade talks with the Charlotte Bobcats for Gerald Wallace, according to a report on Yahoo! Sports. The Cavs had no comment on the proposed deal, which would land them a quality small forward and perhaps a lottery-protected first-round pick for their trade exception.
The Bobcats are losing money and dealing Wallace, the team's highest paid player at nearly $10 million this season, would be a fast way to cut costs. Wallace is due about $10.5 million next season and holds a player option for $11.5 million in 2012-13. The Cavs' main objective has always been to use the trade exception to land a first-round pick. If the Bobcats are desperate enough to cut salary, they may agree to it.
The rest of the league, meanwhile, waits to see what will happen with Carmelo Anthony in Denver. The Cavs tried working their way into those discussions, but according to one league source, they haven't had any dialogue with the Nuggets since before Christmas.