I was rather excited to see this news, as later I saw 3 way trade rumors involving the Suns landing Kevin Love and Kyrie going to the Knicks. As a suns fan, I think gaining Love would be a solid addition. His offense adds to Bookers, and with the recent acquisition of Josh Jackson that helps on the defensive end. Also the Suns send of Bledsoe and get Frank Ntilikina. I like Bledsoe, but it's really the same story every season and a fresh start with a new player would be nice.
The Cavs could gain Bledsoe which really isn't too bad. Yes, Kyrie's better, but Bledsoe is still a great athlete and better defender. The biggest thing to me is that him and LeBron are close, so getting Bledsoe raises the chances LeBron stays, which in the end is the ultimate goal. I don't think Kyrie would have tons of success in New York, but at least he'll be doing his own thing.
If Cleveland doesn't make some serious moves, they could end up without Kyrie and LeBron which would be a disaster. Excited to see what they do.