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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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LeBron James banner staying put; Sherwin-Williams making donation instead

By Jason Lloyd Published: June 28, 2016

The 10-story banner featuring LeBron James in downtown Cleveland is staying put. Sherwin-Williams’ decision to temporarily remove the banner for the summer and replace it with another one celebrating the company’s 150 years in business was met with outrage from Cavs fans who wanted the banner to stay.

One online petition urging the company to keep the banner up accumulated nearly 24,000 supporters. Instead, Sherwin-Williams will donate $150,000 to the LeBron James Family Foundation. The paint company employs 3,000 people in Northeast Ohio.

“For 150 years, Sherwin-Williams has been proud to call Cleveland our home, and we’re committed to doing the right thing for the people of this great city," said Sherwin-Williams President and CEO John Morikis. “For the last year, we’ve been planning to hang a celebratory banner outside our building during the summer months. But what better way to celebrate our 150th year than with a NBA championship. As a long-time supporter of the Cavs, and the entire community, we want the energy and excitement in this city to continue.”

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Tyronn Lue to be honored by hometown following Cavs championship

By Jason Lloyd Published: June 28, 2016

Tyronn Lue’s annual July 4th party in Mexico, Mo. is getting a little bigger this year. Lue’s hometown is throwing a celebration for the Cavs’ championship Saturday that includes a motorcade, the Mexico Dixie Gray Band and a children’s choir that will perform.

Fans are being encouraged to line the motorcade route before eventually following behind on foot – down Tyronn Lue Boulevard, of course, and into a park where Lue will address the crowd. Saturday’s celebration will precede Sunday’s party and fireworks display, which Lue funds every summer by himself for the town of about 12,000. It is estimated that thousands attend the event every year.

“The community is jam-packed. The hotels are all booked that weekend,” said Stephanie Williams, 43, a childhood friend of Lue's and a part-time juvenile officer for the city of Mexico who’s also a full-time student studying sociology at Columbia (Mo.) College. “He does right by these kids around here. … He’s such a role model to these children on TV, on the court and off. I like that. I just wish that we had more.”

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Kevin Love visits The Late Show, jokes about his "warm, cuddly embrace" with LeBron

By Ohio.com staff Published: June 28, 2016

Kevin Love stopped by the Late Show with Steven Colbert last night and brought the Larry O’Brien trophy and the WWE Championship belt with him.

Love talked about his “warm, cuddly embrace” with LeBron James after winning Game 7, “protecting” himself from Draymond Green and his love for 90’s wrestling.

Take a look at the clips below. 

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Cavs acquire point guard Kay Felder in second round of NBA draft

By Jason Lloyd Published: June 24, 2016

The Cavaliers drafted Oakland University point guard Kay Felder 54th overall Thursday night with a pick purchased from the Atlanta Hawks, a league source confirmed to the Beacon Journal. The Cavs entered Thursday’s draft without a pick, but a source confirmed The Vertical's report that the Cavs paid $2.4 million to get one.

Felder measured 5-foot-9 1/2 without shoes at the combine. He is an undersized but athletic scorer who averaged 24.4 points and led the nation by averaging 9.3 assists as a junior. The fact the Cavs paid so much for the pick indicates he has a good chance to make the team.

The Cavs already have three point guards on the roster. Mo Williams is expected to pick up his option for next season, but Matthew Dellavedova is a restricted free agent who struggled throughout the postseason before eventually falling out of coach Tyronn Lue’s rotation during the Finals. 

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Agent: LeBron James pulls out of Olympics

By Jason Lloyd Published: June 23, 2016

LeBron James will not play in the Rio Olympics this summer, his agent told the Beacon Journal. James will take the time off to rest after playing in each of the last six NBA Finals.

James, 31, has won two gold medals, but his exit this summer likely brings his Olympic career to an end. His good friend Chris Paul has also pulled out of Rio, but Carmelo Anthony has committed to playing, according to various reports.

Kyrie Irving is a strong candidate to make the team if he chooses to play, given the amount of point guards who have pulled out already. Irving has yet to announce his decision.

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LeBron James says he has no intention of leaving Cavs next season

By Ohio.com staff Published: June 22, 2016
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LeBron James didn't waste much time squashing rumors that he might leave town now that the Cleveland Cavaliers have won the NBA title.

James told cleveland.com he intends to return to the Cavs next season to defend the NBA championship the team just won.

"I love it here. I love being here. I love my teammates," James told cleveland.com before boarding a float for the celebratory parade.

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Life on the beat: Chronicling a champion

By Jason Lloyd Published: June 20, 2016

SOMEWHERE OVER SOUTH DAKOTA: I think it’s finally starting to sink in. I’m on the plane headed home and the enormity of the last 24 hours is suddenly starting to hit me.

I complain about this job sometimes. The demands of it, the hours, the overwhelming travel, the lack of sleep, the overabundance of arena food… it isn’t nearly as glamorous as you think it is. But I’m still incredibly lucky to have it and today I’m humbled. Humbled to be the eyes and ears for this team that has made a city weep with joy.

Four of us were there every day to chronicle this team: myself, Joe Vardon, Chris Haynes and Dave McMenamin. Much like the Cavs were torn down and thrown together when LeBron came back, so too was the Cavs beat.

Chris came from Portland. Joe came from politics (and sports before that). Dave came from Los Angeles. Joe and I were familiar with each other from a previous lifetime, while Chris, Dave and I had seen each other in passing in NBA arenas. That’s about it. We didn’t really know each other, but we were thrown together for nine months a year, spending more time with each other than our own families.

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