Cleveland Cavaliers sign first-overall draft pick Andrew Wiggins

Andrew Wiggins officially signs with Cleveland Cavaliers as trade rumors continue to circulate

The Cleveland Cavaliers signed No. 1 overall draft pick Andrew Wiggins on Thursday to a four-year contract.

Wiggins, who will earn $5.5 million in the first year of the deal, has been at the center of many trade rumors involving the Cavaliers and Minnesota Timberwolves star Kevin Love, who can become a free agent after next  season. 

Love led the league with 65 double-doubles last season while averaging 26.1 points and 12.5 rebounds.

If the Timberwolves do want Wiggins, they'll have to wait. The NBA's collective bargaining agreement prevents a player from being traded for 30 days after he has signed a contract.

The Chicago Bulls are also reportedly making a play for Love.

Wiggins, a 6-foot-8 small forward, averaged 17.1 points for Kansas (25-10) last season.

Wiggins will likely play a supporting role for the Cavaliers, thanks to the return of four-time MVP LeBron James. The Cavaliers also recently signed James' former Miami Heat teammate Mike Miller.

The Cavaliers had the first-overall pick in the 2013 NBA draft and selected Anthony Bennett out UNLV. Bennett played 12.8 minutes per game, averaging just over four points and three rebounds.

The Associated Press contributed to this report

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