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Cavs sign No. 1 pick Wiggins

Cleveland, OH (SportsNetwork.com) - The Cleveland Cavaliers have signed No. 1 pick Andrew Wiggins to a rookie contract.

The deal, announced Thursday, starts at $5.5 million according to reports and would prevent the Cavaliers from trading the former Kansas wing for at least 30 days.

Wiggins, 19, was taken first overall by the Cavaliers last month, plucked at the top of a draft class widely seen as one of the most talented of all-time.

But reports have surfaced since then that Wiggins could be part of a potential trade to acquire All-Star big man Kevin Love from the Minnesota Timberwolves.

The deal means the earliest Wiggins could be dealt is Aug. 24.

The Cavaliers also signed guard Joe Harris, their second-round pick out of Virginia.

Wiggins was named Big 12 Freshman of the Year after averaging 17.1 points and 5.9 rebounds per game in his only season for Kansas, helping the Jayhawks win the regular-season conference championship.

He was the fourth No. 1 overall pick by the Cavaliers in the last 12 years, beginning with the selection of LeBron James in 2003.

James, of course, announced this month that he was returning to Cleveland after four seasons with the Miami Heat.

07/24 16:35:59 ET