Report: Cavaliers lost $40 million last season


LeBron James is reportedly frustrated that Cavaliers owner Dan Gilbert, after promising unconditional spending to lure back LeBron in 2014, is keeping costs down this season.

The simplest retort: The Cavs have spent more than any other team.

Cleveland has the NBA’s highest payroll for the second straight season and is on track to pay the luxury tax for the third straight year. This season, the outlay on players is in line to be $154,616,543 –$127,519,873 in salary and $27,096,670 in luxury tax.

In addition to paying Tyronn Lue to coach, the Cavaliers are also reportedly still paying fired coaches Mike Brown and David Blatt.

Kurt Badenhausen of Forbes: