Cavs Exploring Options For Luol Deng Trade

1:15pm: Cleveland’s still looking for a first-rounder for Deng, but no one will bite without assurance from Deng that he’ll re-sign this summer, according to Adrian Wojnarowski of Yahoo! Sports (Twitter link).

12:54pm: The Cavs still have multiple “irons in the fire” and talks are likely to go right up to the deadline, tweets Sam Amico of FOX Sports Ohio.

11:32am: The Wizards and Cavs have discussed Trevor Ariza as part of a potential Deng deal, tweets Jason Lloyd of the Akron Beacon Journal, though it’s unclear if those talks are ongoing (Twitter link). The Cavs have shifted away from seeking a first-round pick for Deng and are now seeking a veteran, per Ken Berger of CBSSports.com (Twitter link).

10:14am: There’s “no traction” with either the Wizards or Pistons on Deng, Berger tweets, but the Cavs continue to survey the market. The Cavs sought a first-round pick from the Suns for Deng, but Phoenix isn’t biting, Berger adds in a second tweet.

THURSDAY, 9:24am: The Wizards are among the teams talking to the Cavs about Deng, tweets Marc Stein of ESPN.com, who notes that Washington tried to acquire Deng from the Bulls this past summer.

WEDNESDAY, 4:24pm: Deng would be hesitant to commit to an extension with any club, and that makes a trade unlikely, writes Adrian Wojnarowski of Yahoo! Sports. Of course, anxiety surrounding his free agency was the very reason noted earlier for why the Cavs might trade him. Wojnarowski adds the Pistons and Pacers to the list of teams that have had conversations with the Cavs about Deng, but there’s no traction toward a deal as clubs are reluctant to surrender assets for a player who can walk away this summer. Deng has expressed a willingness to at least consider re-signing with the Cavaliers, according to Wojnarowski, who adds there’s increasing doubt around the league that the Lakers will make a run at him in the offseason.

2:21pm: The Mavs have contacted the Cavs about trading for Deng, but they lack the assets to get a deal done, as Ken Berger of CBSSports.com reports in a pair of tweets.

10:35am: Windhorst, in his full story, clarifies that the Cavs aren’t determined to trade Deng, but are gauging the market to see what they could get for him. The ESPN.com scribe identifies the Lakers and Mavs as among the teams expected to chase him in free agency this summer.

10:28am: The Cavs have made Deng available to several teams, according to Ken Berger of CBSSports.com (on Twitter). Still, the team is not looking to trade him, a source tells The Plain Dealer (Twitter link).

10:04am: Cleveland has spoken to the Kings and Warriors about Deng, according to Sam Amico of Fox Sports Ohio (Twitter link). There’s been no shortage of inquiries from clubs around the league, and the Cavs are “clearly” open to hearing pitches, Amico also tweets.

9:46am: The Cavs are worried that Luol Deng won’t re-sign with them this summer, and have begun to investigate the willingness of other teams to trade for the small forward they acquired just last month, tweets Brian Windhorst of ESPN.com. Rival executives have expressed a belief that Cleveland should try to trade him for a top-level first-round pick in this year’s draft.

Sources told Marc Stein of ESPN.com earlier this month that there was little or no chance Deng would re-sign. That story came out shortly after the Cavs replaced former GM Chris Grant with David Griffin, but before the club began its ongoing five-game winning streak.

The Bulls extracted salary relief, a pair of second-round picks, a protected first-rounder and the right to swap first-round picks with the Cavs in 2015 when they traded Deng in January, and it’s doubtful his value has changed much. Chicago sent Deng out alone in that deal, and Cleveland would have to do the same. Teams aren’t allowed to package any players with someone they acquired via trade within the last two months, though the Cavs could attach draft compensation or cash to Deng if they like.