Cavs bleeding money
Old 04-17-2010, 07:47 PM   #1 (permalink)
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Cavs bleeding money

According to league sources with knowledge of the team's finances, the Cleveland Cavaliers are projected to post a financial loss between $10 million and $15 million this season.

The Cavs lost nearly $20 million per season over the previous two seasons.

Many of the NBA's 30 teams are operating with losses in the millions, which is expected to strengthen the league's efforts to significantly alter the structure of the collective bargaining agreement with the players' union after next season.$10m___$15m_this_season/
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Old 04-17-2010, 07:55 PM   #2 (permalink)
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What a shame. imagine toronto with the roster cleveland has. we would be like the Yankees of basketbal.
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Old 04-17-2010, 11:11 PM   #3 (permalink)
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If we had that roster we would sell out every ticket there wad. People would buy all the Raps merchandise as well. But I think part of the loss comes from the reason that the Cavs are over the lux tax
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