Cavaliers to possibly trade No. 1 pick in NBA Draft

The Cavaliers will explore trading the No. 1 pick in next month's NBA Draft. (David Liam Kyle/Getty Images)

The Cleveland Cavaliers are looking into the possibility of doing something that hasn't been done in two decades: trade the No. 1 overall pick in the NBA Draft.

MAHONEY: Cavs should target Nerlens Noel

Cavs General Manager Chris Grant said in a report Wednesday from ESPN's Brian Windhorst that the best option for the team heading into next month's draft might be for the Cavs to trade the No.1 pick they won Tuesday night in exchange for a player or players to add to the roster:

"You want to look at all your options and make the best decision for your team. This is a valuable asset that we can add to the group, whether it's in trade or keep it and add a player. For us, it's wide open. A number of these guys are injured, so there's still an enormous amount of due diligence that's got to be done."

One of those guys is Kentucky big man Nerlens Noel, who is currently rehabbing an ACL tear suffered in February that will likely cause him to miss the start of the regular season.  Noel is considered by many to be the No. 1 overall pick in June' draft but Cleveland has more than $20 million in salary cap space and the No. 19, 31 and 33 picks in the draft; trading away the No. 1 pick wouldn't necessarily preclude the team from acquiring more young prospects to build around a core centered on All-Star point guard Kyrie Irving, selected by the Cavs with the No. 1 overall pick in 2011.