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Sources: Cavaliers Owe League $54 Million in Luxury Taxes

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Updated 1 year ago on

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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

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