Amico’s Latest: Cavs, Deng, Waiters, Thompson

There might be more storylines surrounding the Cavs than any other team in the NBA. A third No. 1 overall pick in four years, a coaching search, tons of cap flexibility and the lingering specter of a LeBron James return figure to fill up our Cavs rumors page all summer long. We passed along some news about the Cleveland’s plans for the top draft pick from Sam Amico of Fox Sports Ohio last night, and he has plenty more on the team in his latest dispatch. We’ll run down the highlights here:

• The Cavs will likely explore sign-and-trade possibilities for Luol Deng, Amico writes. Deng has given indications that he doesn’t want to re-sign with Cleveland, and the Cavs can still execute a sign-and-trade even if they renounce his Bird rights to clear cap space.
• Teams around the league have interest in Dion Waiters and Tristan Thompson, Amico writes. It’s nonetheless unclear how willing the team is to trade either of them.
• The Cavs don’t appear to be ruling out a trade of Anderson Varejao, Amico suggests.
• GM David Griffin has reportedly been planning a strong push to retain Spencer Hawes, but Amico hears the team is having second thoughts about the center.
• The coaching search remains “in the very early stages,” Amico writes, but Tom Izzo isn’t a possibility, in spite of Cleveland’s reported pursuit, and John Calipari is highly unlikely to end up in the job, according to the Fox Sports Ohio scribe.
• Bulls assistant coach Adrian Griffin remains a legitimate candidate for the Cavs head coaching position, but Clippers assistant Alvin Gentry, whom the Cavs want to interview, would have to dazzle owner Dan Gilbert to be hired, sources tell Amico.