By completing a sign-and-trade with the Heat involving LeBron James back in July, the Cavaliers acquired a $14.5 million trade exception.

Cleveland general manager Chris Grant hopes to turn the exception into a valuable piece in the near future.

Grant calls the trade exception a "powerful tool."

"It creates more opportunity," he added.

"It's like having $14.5 million in cap space, except you can't actually go sign a player with it. You can only sign a player into it. It helps you facilitate trades. If a team is in the luxury tax and they want to get out of it, they might give you an asset to do a deal. Maybe you can't quite make a deal work because the numbers don't work, you can use that to put players into a trade. It's a pretty powerful tool. We'll be aggressive with it as we go into the season."