Cavaliers GM Chris Grant hopes to be able to use the team's $14.5 million traded player exception before it expires on July 10.

"I'm hopeful," he said. "I'd like to use it. Certainly with (Cavs owner) Dan (Gilbert) and his support in the final process, it would be great to use it. We don't want to take on a bad contract. We don't want to put ourselves in a spot where we lose flexibility, but certainly we are hopeful and we are going to try to use it and maybe put it into play in the draft or a few days after the draft, too."

Grant explained the Cavs could actually accept $14.6 million in salary with the traded player exception.

"Any combination of players that are waived or traded can fit into that slot as long as they don't exceed ($14.6 million)," Grant said. "In a trade, you have to trade something, but you don't have to trade dollar and dollar like most trades. We can trade a second-round pick, the rights to a player, a first-round pick, any combination of those things. You can (trade) a player who makes $1 million (for) a player who makes $14 million. It opens up an array of possibilities. Certainly with the high picks, it opens even more possibilities."