Not often taken into account by Love super-fans: the situation has changed since the trade was made.....
What has changed is that
we are no longer able to sign a max player in free agency, as we were last summer. That ship has sailed. As you pointed out, Kyrie's extension hadn't yet kicked in --
that's how we were able to afford Love's contract. But it will be kicked in for next season, which means that even if we don't sign Love, we won't have the ability to add a free agent to replace him. That is the biggest thing that has changed since last off-season.
Love's true value to us right now isn't Kevin Love specifically -- it is the ability to resign a max-quality (or close to it player). If we refuse to give him what he's asking, and he walks, that asset disappears, and cannot be replaced.
All these players should be re-signed by Cleveland and THEY WILL NOT COME CHEAP. These are salary obligations that were not in play when the season started.
But what is unknown/unknowable by any of us is how much DG is willing to spend. If we knew he had a definite cap in mind, and that he will not spend the money to sign Love
and keep all those other guys, then we'd have something to debate. But we don't know that.
This is why the OPT-IN or ONE-YEAR extension is the best strategy for all concerned at this time.
Whether or not that is true for the Cavs is sort of irrelevant. What matters is what kind of contract Love wants -- short or long term. Because whatever
he wants, if we don't offer it, he's very likely gone. Personally, if I was his agent, I'd tell him he's better off getting the longer-term deal. But either way, it's really not our choice. So the core question is: if he demands a max long-term deal, do we pay it, or tell him to walk?
If its me, I'm looking to trade to sign-and-trade Love this offseason for the Lakers #2 pick and filler, but that's irrelevant now.
Wet-dreams of Laker Nation aside, I can't fathom why Love would want to go to a train-wreck of a franchise that has to give up it's only real asset -- the No.2 overall -- to get him. That's also the problem with trading him for other high-picks -- the teams that have those picks generally aren't contenders, and he wants to go to a contender.
The key point is that if you are truly a Cavs fan, and not just a Love fan, IMO you should not be willy-nilly clamoring for a multi-year max for Kevin Love without looking at the other salary requirements the team has to consider along with the opportunity costs of adding a third max contract,
Exactly what is the opportunity cost of giving up Bird rights on a max player, for a team that is going to be over the salary cap no matter what? Exactly what do we gain by passing on Love if he demands a long-term deal?
I don't think anyone would be philosophically opposed to a sign and trade deal that would bring us someone like LMA. But my guess is that such opportunities are very unlikely. If he demands a max deal and we refuse, he may just sign somewhere else and leave us with bupkis.