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Cavs rank 6th in luxury tax payouts

The Sports Xchange
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--There are seven teams that have never paid a cent in luxury tax (Chicago, Charlotte, Golden State, the Los Angeles Clippers, New Orleans, Oklahoma City and Washington). The Cavs aren't one of them. They have paid $43 million in the three years after going to the NBA Finals: 2007-08, 2008-09 and 2009-10, according to a story on ShamSports.com.

The luxury tax has been in existence for 11 years now. During that time, the Cavs are ranked sixth in paying tax. Only the New York Knicks ($195 million), Dallas Mavericks ($150 million), Portland Trail Blazers ($89 million), Los Angeles Lakers ($84 million) and Boston Celtics ($46 million) have paid more.

--The Cavaliers will play seven preseason games this fall, including three at Quicken Loans Arena. They will also host neutral-site games in Cincinnati and Canton.

They open the preseason on Oct. 8 against Italian basketball powerhouse Montepaschi Siena of the Euroleague. Next on the agenda is a matchup against Milwaukee at Canton Memorial Civic Center, home of the D-League Canton Charge, on Oct. 9.

They play their first road game on Oct. 12 at Assembly Hall in Champaign, Ill., against the Chicago Bulls. The Cavs will face Orlando on Oct. 15 at US Bank Arena in Cincinnati. They also have home games at The Q against Washington on Oct. 13 and Indiana on Oct. 23. They open the 2012-13 regular season against Washington on Oct. 30.

QUOTE TO NOTE
"C.J. brings solid NBA experience to the team yet is still just entering his prime at 25. His ability to play multiple positions adds depth and flexibility to our roster." -- Cavs general manager Chris Grant on the signing of C.J. Miles.

Copyright (C) 2012 The Sports Xchange. All Rights Reserved.

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