Bynum didn't play a single game for the Philadelphia 76ers last season due to recurring knee problems. Bynum doesn't plan on working out for any prospective free-agent suitors, and teams are proceeding with caution with the big man due to the health issues.
The Cavs currently have Anderson Varejao and Tyler Zeller in place at center, but Varejao is on the last year of his deal and coming off a health scare while Zeller is still developing. Cleveland has a lot of cap space to offer Bynum a rather hefty contract, although it would preferably be a one-year deal to help protect cap space for the summer of 2014.
The Dallas Mavericks have also shown interest in Bynum, and Stein reports that if the Mavs or any other team offers the center a multi-year deal, the Cavs would likely be out of the running. The Atlanta Hawks have also expressed interest in Bynum.
There's certainly the potential for high reward by taking a chance on Bynum, as when healthy, he's one of the best big men in the NBA. The 25-year-old averaged 18.7 points and 11.8 rebounds for the Los Angeles Lakers in 2011-12. There could also be language in a new contract that minimizes risk if Bynum's knees fail him again.