Eh. Love's contract isn't quite so horrible if you factor in the rising cap.
He could still be a valuable piece against the right opponent. The Warriors are just the exact opposite type of opponent that he's valuable against.
The thing about it is this, Lebron is going to demand him be shipped out of town. And he's not going to be smart enough to play it cool. Some leak or dumb comment or tweet will be made. And the Cavs will be stuck trying to unload him while every team the Cavs are in talks with know that no matter what, he can't be a Cav. It's a pretty rough situation for Cleveland to be in.