If these are the terms, I am more than ok with it. The Cavs didn't have to take on any extra contracts, and got word from Love that he wants to be there long term.
They also didn't have to trade off any of their expiring contracts, which means there is another deal to take place. I think now they will go after a rim protector.
I loved Wiggins as a prospect, and he also just seemed like a great kid. I think he gets the raw end of the deal because he would have been much better off here. He has to be the man now in Minnesota, and his game may never be suited for that.
It looks like the Cavs could have LBJ, Love, and Irving for the next 5 years. That would still just be Lebron in his early 30's, there is a chance for a real dynasty. In the end, you have to trade Wiggins upside for that chance.