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The Cavaliers Lost $40 Million USD Last Season

According to Forbes, the Cleveland Cavaliers lost $40 million USD last season “in the sense of earnings before interest, taxes, depreciation and amortization.” For the 2015-2016 season, Cavs Owner Dan Gilbert racked up a $115 million USD payroll that triggered a $54 million USD luxury tax bill. Add in benefits, cash involved in trades and […]

The Cavaliers Lost $40 Million USD Last Season