According to this story from ESPN's Chris Broussard, the Cavaliers are in negotiations to try to acquire the second pick in the NBA draft to complement the first pick that Cleveland already owns.
League sources are saying that the Cavs are talking to the Minnesota Timberwolves and the Detroit Pistons about a three-team deal that would make the daily-double of draft picks a reality.
The centerpiece of the deal would be the Cavaliers absorbing Richard Hamilton of the Pistons into the trade exception received last year in the LeBron James sign-and-trade, and Cleveland getting Detroit's number eight pick, and then completing the deal by sending that eighth pick and the Cavs' number four selection to the Timberwolves for Minnesota's current second pick.
Cleveland, according to the report, would then buy out the remaining two years of Hamilton's contract, making him a free agent.
A potential stumbling block would be if the Pistons nixed the deal, Detroit is said to be possibly looking for players in return for the deal to be done.
The sources said that -- if the deal gets done and Cleveland indeed gets both of the first two picks -- the Cavaliers would take Duke point guard Kyle Irving first, and Arizona forward Derrick Williams second.