In a move that transforms them from an intriguing contender to a possible favorite in the Eastern Conference, the Cleveland Cavs have reached an agreement in principle to acquire power forward Kevin Love from the Minnesota. The Cavaliers, in return, have agreed to send the Timberwolves a sizable package: the N.B.A.’s past two No. 1 picks, Andrew Wiggins, 19, and Anthony Bennett, 21; and a future first-round draft pick. The deal cannot be made official until Aug. 23. (A player in the N.B.A. — in this case, Wiggins — cannot be traded until one month after signing a first-year contract.) 

Love had previously told the Timberwolves that he would not come back to Minnesota upon opting out of his current contract next summer and asked to be traded before the end of this summer. As part of the move to Cleveland, Love agreed to opt out of his contract after the season and sign a five-year extension with the Cavaliers.