- LeBron James offers heavy praise for Cavs rebuild, admits he pays ‘close attention’ to team
- Dylan Windler throws subtle shade at refs for not getting foul call after slam on Kyle Kuzma
- Video: LeBron James has heartwarming reunion with Cedi Osman prior to Cavs game vs. Lakers
- LeBron James reveals Cavs fan that mocked him, which led to 21-point explosion in 4th quarter
- Collin Sexton opens up on why Cavs needed blowout loss versus Celtics
- Report: Brooklyn Nets are hoping Andre Drummond gets bought out by Cleveland Cavaliers
- Report: LeBron James gave Cavs teammates ‘300’ style Spartan shields before facing Warriors in 2016 Finals
- Report: Larry Nance Jr. to miss Monday’s game vs. Lakers with new injury
- Report: Cavs could try to flip Andre Drummond and Kevin Love for draft capital
- Report: Nets in ‘active discussions’ with Cavs for JaVale McGee, also interested in Kevin Love
Dan Gilbert Explains Why He’s Paying $65 Million in Luxury Taxes This Season
- Updated: October 31, 2015
Prior to Friday night’s game versus the Miami Heat, the Cavs owner commented on the fact that he has committed to spending $175.6 million on payroll this season, with $65 million of that in luxury taxes:
“We’re committed; we’re all-in … When you invest in something like a sports franchise and you’re in for so much … if you at the margins start pulling back, I think that may be foolish on a lot of fronts … We’re investing for the future as well as the current.”
Since the end of last season, Gilbert has signed Kevin Love to a $113 million deal, LeBron James to a $47 million one and Tristan Thompson to an $82 million contract. When factoring in other players of Cleveland’s core, the Cavs owner has locked up players to nearly $300 million since the end of last season.
Once again, Gilbert defended his decision to spend money on Cleveland’s unit:
“These guys who are under these large contracts, that’s a core for four or five years. That’s an eternity in this league. As we’ve seen with NBA franchises, that formula can work.”
There is little doubt that the Cavs are the powerhouse team in the Eastern Conference. Following a season in which they zoomed through the Eastern Conference playoffs despite serious injuries to Love and Kyrie Irving, they return in 2015-16 as the favorites to win the NBA Finals.
However, if Gilbert’s spending is to truly be justified, the Cavaliers can’t just be paper champions—they’ll have to win it all.