Cleveland Cavaliers Salary Cap History: Largest Guarantees
Introduction
The Cleveland Cavaliers have a rich and storied history in the NBA, having won one championship and making several other Finals appearances. The team's success has been due in part to its ability to attract and retain top talent, which has been made possible by the team's willingness to spend money on player salaries.
Largest Guarantees
The Cavaliers have given out some of the largest guaranteed contracts in NBA history. In 2016, the team signed LeBron James to a four-year, $153 million contract that was the largest guaranteed contract in NBA history at the time. In 2018, the Cavaliers signed Kevin Love to a four-year, $120 million contract that was the second-largest guaranteed contract in NBA history at the time.
Salary Cap History
The Cavaliers' salary cap history has been marked by several ups and downs. The team's salary cap hit its highest point in 2017-18, when the team had a cap hit of $133 million. The team's salary cap has since declined, and it is currently set at $115 million for the 2022-23 season.
Conclusion
The Cleveland Cavaliers have a history of spending big money on player salaries. The team's willingness to spend has helped it attract and retain top talent, which has been a key factor in the team's success.
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