Cleveland Cavaliers face $54M NBA luxury tax

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! What’s the Cleveland Cavaliers’ first championship, and the first one for the city since 1962, worth? Apparently $54 million. That’s the amount of luxury tax that the National Basketball…

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