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Update: Cavaliers receive top-5 protected 2015 first round pick from Memphis

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This trade just keeps getting better for the Cleveland Cavaliers. According to multiple reports, the pick that the Cavaliers will receive in the trade is NOT a second rounder. Instead, it is a first round pick in 2015 with top-5 protection.

Chris Grant got a first round pick for Jon Leuer. Read that sentence again. That's crazy.

Memphis gets: Jon Leuer, lots of cap relief

Cleveland gets: Marreese Speights, Wayne Ellington, Josh Selby, top-5 protected 2015 first round pick

The Cavaliers do not have room to take back three players, so somebody will have to be cut. Kevin Jones is the most likely candidate.