"There isn't much brewing with the Cavs' trade exception, mainly because no one knows where anyone is drafting yet. Any sort of trade talk will heat up again closer to the June 23 draft.
The acquisition of Davis and the Clippers' lottery pick has taken some of the pressure off management to use the $14.5 million trade exception acquired in the LeBron James deal last summer with the Miami Heat. The Cavs know it would've been a public relations disaster and they would've been sharply criticized by fans had they let the exception expire and not made any moves to improve this team.
They correctly view the trade that brought the Clippers' pick as a move equivalent to using the trade exception.
There is belief around the league that injured Memphis Grizzlies forward Rudy Gay could be had in the right deal. Gay, 25, has about $68 million left on his contract for the next four years. The Grizzlies have already given Zach Randolph a monster $71 million extension this spring and Marc Gasol's expiring contract is up next."