Similar three team trade:
Knicks receive: Irving, Tyson Chandler
Cavs receive: Bledsoe, Melo, 2018 first round from suns
Suns receive: Kevin Love, Frank Ntilikina
Not really sure how confident I am about this guess, but I'd love to see Love with the suns, and I think Bledsoe could be good with the cavs. I personally think Melo is overvalued, but I know people are hyped to see Melo and LeBron play together.
Cavs need to make some big moves fast, and Irving is obviously unhappy. Cavs need to trade for everything they can, and more importantly pieces that make LeBron happy (like Bledsoe). If not they could end up with Irving and LeBron both gone.
I think theres a chance the Cavs can get what you suggested simply by offering Irving. If they also lose Love in that situation, they get a lot worse. I'm not opposed to trading Love in a separate transaction, though.
meep