I get it; I just don't really agree with it.
Seems like Cleveland is determined to not completely bottom out. Love should also help make things a lot easier on s e xton for example, which is obviously a huge priority for the Cavs now. I can understand the rationale behind wanting someone that you can build the team around (even if he probably isn't good enough to be the centerpiece on a good team) rather than having a crappy team with no real direction involved. Love provides a structure around which all their young guys can play.
As far as tanking goes, I think it's still very possible that Cleveland ends up picking in the top 10, in which case they'd get to keep their pick. Obviously this likely prevents them from having a legitimate shot at a top 3 pick though.
I imagine the trade market for Love isn't very high right now, so maybe they think with a season of being THE guy, they could potentially build his value back up and flip him for assets down the road and teams that are interested in him won't have to worry about trading for a guy on an expiring contract.
I think the last two paragraphs are the key.
Even with Love, the rest of that team is really really bad. And, for whatever it's worth, the lottery odds are flatter now; just as an example, here is the change in odds for teams in the back portion of the top 10 (they also are drawing the lottery for the top 4 spots now)
7: 18.3% to 23.3% (and a 30% chance of picking in the top 4)
8: 9.9% to 18.3% (25% of picking in the top 4)
9: 6.1% to 14.5% (20% chance of picking in the top 4)
10: 4% to 9.9% (14% chance of picking in the top 4)
So, for instance, the 10th worst team next year will have a 14% chance of moving into the top 4, similar to the odds of the 7th team moving up last year.
And not only that, that also means the worst teams have a much worse shot of getting the top pick. The worst team in the league next year will go from having a 25% chance of the top pick to 14%, and even worse, they can fall all the way to 5, with a 47.9% chance! So there's less of an incentive to totally bottom out.
Also on the trade market for Love, agree I don't think there were teams beating down the Cavs door to get love. People trying to keep their powder dry for next summer