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From Bradford Doolittle in an insider piece about possible NBA draft trades:

The Cleveland Cavaliers trade the No. 1 overall pick, Dion Waiters and Tyler Zeller to the Sacramento Kings for DeMarcus Cousins.

Let's say the new regime taking over the Kings decides that in order to turn the page from the Maloof years, it has to begin by moving on from the Cousins-Tyreke Evans years. Evans will be a restricted free agent, and that is a separate issue. Cousins is entering the last year of his rookie deal, making him eligible for an extension in October. If the Kings are ready to pull the plug on the talented but undisciplined center, then no team could offer a package of young assets more attractive than what Cavaliers general manager Chris Grant could send their way. And doing so would likely further strengthen Cleveland's position when it comes to re-signing James.

Chad Ford also mentions this possibility in his NBA draft blog entry today, including several juicy rumors.

From Chad Ford:

The playoff issue might be the biggest reason why the Cavs don't pick Noel, or anyone else for that matter, with the No. 1 pick. Sources say the Cavs have already begun to explore what they can get with the No. 1 pick. If they can get a young big or small forward in return, Gilbert will be pushing for them to trade the pick.

Who can they get? The pickings will be slim. Teams aren't dying to get the No. 1 pick. But one name that you shouldn't totally rule out is the Sacramento Kings' DeMarcus Cousins. Bradford Doolittle mentions this in his draft trade scenarios piece today.

If it's mentioned twice, it has to be true! (Or not). But: If any of this is legitimate, Cleveland is insane.