Cavs owe $54M in luxury taxes

Discussion in 'Cleveland Cavaliers' started by truebluefan, Jul 3, 2016.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The Cleveland Cavaliers learned of the luxury tax bill for their championship season on Saturday, when the NBA announced the salary cap for next season, league sources say, ‎with owner Dan Gilbert soon required to send in a check for $54 million.

    Sources told ESPN.com that the league's annual audit -- which established a $94.1 million salary cap for the 2016-17 campaign -- also officially confirmed that seven teams, led by far by Cleveland, strayed beyond the $84.7 million tax threshold for the 2015-16 season.

    - See more at:http://espn.go.com/nba/story/_/id/16719485/cleveland-cavaliers-owe-54-million-luxury-taxes
     

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