Cavaliers pick up Timofey Mozgov’s team option

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The Cavaliers have a summer of spending ahead of them.

LeBron James, Kevin Love, Tristan Thompson, J.R. Smith and Iman Shumpert are each in line for sizable contracts.

Timofey Mozgov, who has a $4.95 million team option, is one of Cleveland’s few chances to lock up a player for less than market value.

Eric Pincus of Basketball Insiders:

This was an obvious move, because Mozgov is a solid starting center, and starting centers typically get eight digits.

But it’s not difficult to see the Cavaliers’ payroll – counting player salaries and luxury tax – eclipsing $250 million next season if they bring everyone back and trade Brendan Haywood’s contract. Removing Mozgov, because of the progressive luxury tax, could save Cleveland more than $30 million.

If the Cavaliers are going to try saving money, they’ll do it somewhere else.