You're probably right. I either read an article or heard a podcast (can't remember) that was talking to a Minny source. The one thing us Cavs fans haven't been understanding is how dire the Minny ticket sales and general financial health is right now. Apparently, THAT'S WHY Flip and Taylor keep talking about how they're going to the playoffs this year. Their sales -- including the most lucrative corporate sponsorships and suites -- have ground to a halt. They're sweating money and worried that if they go full re-build, sales will only get worse.
At a minimum, if they must go full rebuild, they want it to be around a young, hyped, exciting player like Wiggins. They can sell that kind of rebuild far better than Bennett and Waiters (already seen as busts or non-stars, even if we don't agree) and vague future first-rounders.
The Minny person went so far as to say that the Wolves have already approached major Minny-based companies to do sponsorship and advertising deals with Wiggins, really build a hype machine around him as a way to jack up the fanbase and get interest flowing again.
When you factor in this perspective, all the sudden it makes sense why Flip/Taylor might indeed hold a hard-line on Wiggins -- and if they can't get him might prefer taking a package of proven vets from another team. In the long-run, it's a dumb move but in the short-run, they're financially stressed and desperate to turn it around.