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Cleveland Cavaliers

Cavs to receive rings Oct. 25 against New York Knicks

By Jason Lloyd Published: August 11, 2016

The Cavaliers will receive their NBA championship rings on opening night Oct. 25 and raise the city’s first championship banner in 52 years against the New York Knicks. They’ll also host Kevin Durant and the Golden State Warriors in a highly-anticipated rematch on Christmas Day – this time at home.

The Cavs will face the revamped Knicks at home to start a season for the second time in three years – the two teams also met on opening night when James first returned to Cleveland two years ago. The game against the Warriors is followed by a return trip to Oracle Arena on Martin Luther King Day, the team’s first trip back to Oakland since winning the championship.

Other schedule highlights include a trip to the Washington Wizards on Nov. 11 that will likely include a stop at the White House to visit with President Obama.

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LeBron James returning to Cavs on a three-year, $100 million deal

By Jason Lloyd Published: August 11, 2016

LeBron James is returning to the Cavaliers on a three-year, $100 million deal, a league source confirmed to the Beacon Journal. His $31 million salary for this season will make him the league’s highest-paid player for the first time in his career, according to ESPN, which first reported the signing.

James, 31, made it clear on the day of the Cavs’ championship parade he was returning to defend the title. What wasn’t clear until Thursday was the type of contract he would sign. James played on one-year deals during his first two years in Cleveland.

“I can’t be more excited than this opportunity,” James said on an Uninterrupted video released Thursday. “To defend our crown, defend our title. Weall know last year as a magical, inspiring -- all the words you can come up with – it was an unbelievable season. I just can't wait to get the group back together.”

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Video: Cavs guard Kyrie Irving surprises Team USA fans in L.A.

By Jason Lloyd Published: July 25, 2016

Cavs guard Kyrie Irving joined Toronto Raptors guards Kyle Lowry and DeMar DeRozan and NBA Hall of Famer David Robinson to have some fun with fans in Los Angeles recently.


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Cavs nearing deal with center Chris 'Birdman' Andersen

By Jason Lloyd Published: July 8, 2016

The Cavaliers are nearing an agreement with free agent center Chris “Birdman” Andersen, a league source confirmed for the Beacon Journal. Andersen, 38, split last season between the Miami Heat and Memphis Grizzlies.

Andersen has averaged 5.5 points and 5.1 rebounds in his career. He won a championship with LeBron James in Miami three years ago but was traded to the Grizzlies in March. Coach Tyronn Lue reportedly went on NBA TV Friday and said the deal was complete, but a league source said it isn’t a done deal yet.

The Cavs are in the market for a backup center after Timofey Mozgov signed a four-year, $64 million deal with the Los Angeles Lakers in free agency.

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Cavs send Matthew Dellavedova to Bucks, create trade exception to absorb Mike Dunleavy

By Jason Lloyd Published: July 7, 2016

The Cavaliers pulled a little salary cap magic Thursday and preserved a valuable trade exception in the process.

The team sent Matthew Dellavedova to the Milwaukee Bucks in a sign-and-trade that creates a $4.8 million trade exception. They can now use it to absorb Mike Dunleavy’s salary from the Chicago Bulls. The Cavs and Bulls agreed to the deal for Dunleavy late Wednesday, but have not announced it in part because they were working on this deal separately.

Trade exceptions cannot be combined. By creating a new one for Dunleavy, the Cavs preserved the full $9.7 million exception they created by trading Anderson Varejao last season that they hope to use on a more expensive player in the future.

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Cavs top league in merchandise sales following championship

By Jason Lloyd Published: July 7, 2016

The Cavaliers have topped the Golden State Warriors now off the court, too.

Fueled by their first championship in team history and the city’s first title in 52 years, the Cavs topped the NBA in team merchandise sales from April through June, according to the league. It was the Cavs’ first time atop the merchandise rankings since January 2015.

Steph Curry, however, once again topped LeBron James for the most popular jersey. James finished second, Kobe Bryant was third and Kyrie Irving ranked fourth. Curry has held the top spot in jersey sales since the end of the 2014-15 season.

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Cavs close to acquiring Mike Dunleavy from Chicago Bulls; Richard Jefferson announces his return

By Jason Lloyd Published: July 6, 2016

The Cavaliers still managed to benefit from Dwyane Wade changing teams. They didn’t get Wade, but they were nearing a deal late Wednesday night to receive small forward Mike Dunleavy from the Chicago Bulls, according to a league source with knowledge of the trade talks. Dunleavy, who turns 36 before next season, averaged 7.2 points and shot 39 percent from 3-point range last season.

The Cavs are not expected to send or receive any draft picks as part of the deal. The only other parts to the trade are rights to overseas players, one league source with knowledge of the trade discussions said.

While the team was negotiating the trade, Richard Jefferson announced on his Snapchat account he re-signed with the Cavs for two years after previously declaring his retirement in the locker room after the Cavs won the championship.

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Cavs to pay league-high $54 million in luxury taxes

By Jason Lloyd Published: July 3, 2016

The bill has come due for the Cavaliers’ championship and it is quite a tab. Owner Dan Gilbert owes a staggering $54 million in luxury taxes for last season, ESPN reported and the Beacon Journal confirmed. It comprises nearly half of the $117 million teams will pay out in luxury taxes, according to ESPN.

Gilbert and his partners spent roughly $160 million in payroll and taxes to deliver Cleveland the city's first championship in 52 years.

In all, seven teams paid the luxury tax. The next-closest to the Cavs was the Los Angeles Clippers at $19.9 million.

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Bucks agree to terms on four-year deal with Matthew Dellavedova

By Jason Lloyd Published: July 1, 2016

Cavs restricted free agent Matthew Dellavedova agreed to a four-year, $38 million deal with the Milwaukee Bucks on Friday, a league source confirmed. The Cavs will have three days from the time Dellavedova signs it, presumably July 7, to match.

ESPN reported the Cavs and Bucks have discussed a sign-and-trade for Dellavedova, but there is no traction yet.

Dellavedova averaged 7.5 points and 4.4 assists while shooting 41 percent from 3-point range last season. He developed into a dependable catch-and-shoot point guard with a terrific assist-to-turnover ratio after he was an undrafted free agent three years ago, but he struggled in the Cavs’ postseason march to a championship and eventually fell out of coach Tyronn Lue’s rotation.

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LeBron James set to become free agent, weighs contract options with Cavs

By Jason Lloyd Published: June 29, 2016

LeBron James will become a free agent on July 1, but is expected to return to the Cavs. The only question is the type of contract he signs.

James had until Wednesday at midnight to pick up the option year on his contract for next season, but as expected, he will instead become a free agent, according to multiple reports. That’s only to maximize his earning power, since he made it clear during the Cavs’ parade last week that he wants to remain in Cleveland.

James can sign his patented one-year deal with a player option for another season and earn about $27.5 million next season, or he can sign a two-year deal using Early Bird rights and make about $64 million over the next two years. The maximum James can sign for this summer is four years and about $138 million, but he could be sacrificing millions under a long-term deal due to an exploding salary cap and the potential for a new collective bargaining agreement.

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