According to media reports, the Portland Trail Blazers are shopping point guard Jarrett Jack, and the Memphis Grizzlies have taken offers for point guard Kyle Lowry. The Cavs have interest in both. A source said they have had long-term discussions involving Jack. In 2006, they coveted Lowry in the draft, but he went with the 24th pick to the Grizzlies, one spot ahead of where the Cavs picked Shannon Brown.
Both guys would be a very nice addition and I don't think they'd cost a whole lot. A deal would probably get done a lot faster if the Cavs threw in a first round pick (which Ferry is loathe to do).
Not sure if either team is looking to dump salary, but Portland will have to start making roster decisions with all those young players at some point... and for that you'd need cap room... see where I'm going here?