60 days LB. If they need the $5.2 mil like I described, there may be another move they have to make. This has given them about $3.4 mil non-guaranteed.
everything I've read is that they need the non-guaranteed deals because they need more money to acquire Kevin Martin in the Love trade. Bennett and Wiggins are being traded for Love, Minny just wants to unload Martin, so that is what Cleveland is trying to do.
As I've said, it's unclear what the final deal will be. One rumor had them looking for a vet center, so they may be moving Hayward. There's some talk of Berea and/or Dieng in a deal. But if it's Wiggins, Bennett, and non-guaranteeds for Love and Martin, they're about $1.2 million short if they can stay under the luxury tax after the trades, and further away if they're over the tax.
In your calculation, how much is Wiggins being paid? Is it max slot money?
For Cleveland to put together two simultaneous trades for Love and Martin, I think they'd have to send out the following:
Martin: at least $4,428,334, under the 150% + $100k rule
Love: at least $10,719,063, under the $5 million rule
Bennett: $5,563,920
Wiggins: $5,510,640 (signed to 120% of scale)
So, they're fine with Love.
For Martin, they've got $3,364,465 with their trade. That leaves them about $1,063,689 short. Matt Dellavedova plus a signed, and then traded, second rounder gets them where they need to be.
Also, it's important to know where Cleveland is in relation to the salary cap. If they're under the cap, they don't have to wait 60 days to trade the newly acquired players / salaries.