I don't see how this is an end of the world deal for Cleveland. They got the best player in the trade, a good scorer (what they needed) and they still have their biggest bullet still in the chamber with Wally's deal, that is if they want to contend this year, and I wouldn't if I were them.
Look at their salary numbers. After the 2010 season if LeBron opts out to get his max contract, Daniel Gibson, JJ Hickson and Mo Williams are the only players they'll have on the books and they'll have only have $13M against the cap. So, if LeBron opts out, and they resign him to max deal, they'll still have room under the cap to pursue an unrestricted free agent (Chris Bosh, Kobe Bryant, Caron Butler, Tyson Chandler, Dirk Nowtitzki, Paul Pierce, Amare Stoudemire, Dwyane Wade). Cleveland is hoping that they can entice someone in that group to come give LBJ some help.
This trade didn't do anything to hurt that outcome. And it helped them to be respectable in the 2010/2011 season when they'd probably be up against the cap with only five players (plus however many they draft) under contract. Their three players currently signed past 2010 are all expected to be contributors, and Williams will be expected to be one of the biggest.
Cleveland's goal is to nail the next few drafts and to bring in one of those guys. Has to be.
A few more things from this thread:
It's silly to think that Delonte brings the same kind of skills to the table as Mo Williams. He's not anywhere near the scorer or ball handler that Williams is.
nickagneta: How do you label LeBron as a guy who can't share the load? Or that wants the ball in his hands at all times. I thought that was the biggest criticism of his career so far: that he sometimes defers too much, especially in crunch time.