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Sources: Cavaliers Owe League $54 Million in Luxury Taxes
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Basketball Insiders 
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All posts by Basketball InsidersUpdated6 hours ago on April 25, 2024
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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.
Source: Marc Stein of ESPN
