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A general view of the Quicken Loans Arena - home of the Cleveland Cavaliers - on May 22, 2009

Cleveland Cavaliers

Cleveland Cavaliers increase luxury tax burden

By , Reporter
The Cleveland Cavaliers expect to see their luxury tax burden increase after acquiring three new players this week.

The Cleveland Cavaliers are expected to see their luxury-tax burden increase after a busy week of making trade deals.

The Cavs acquired Iman Shumpert and JR Smith from the New York Knicks on Monday and added Timofey Mozgov from the Denver Nuggets on Wednesday.

While they did part with Dion Waiters, Cleveland are expected to have increased their luxury tax bill to around $6.7m (£4.4m).

There are only five teams currently on course to pay luxury tax at season's end, with the Cavs being joined by the Knicks, Brooklyn Nets, Los Angeles Clippers and Oklahoma City Thunder, according to ESPN.

However, five other teams - the Toronto Raptors, Houston Rockets, Washington Wizards, Memphis Grizzlies and Indiana Pacers - are in danger of straying over the tax threshold.

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