Cavs Notes: Arena, Thomas, Wade

Dan Gilbert's Cleveland Cavaliers were the only NBA team to lose money in the 2016-17 season, according to a report by Forbes Magazine.

A few Cleveland Cavaliers items you may have missed this past week:

After scrapping plans to renovate Quicken Loans Arena at the end of last month, the Cavs are all in once again. It’s true — plans for a $140 million arena renovation are back on.

The Cavs plan to fund half of that, with the other $70 million coming from public funding.

Along with all that, the Cavs’ lease will be extended an additional seven years, to 2034. The Q could also be in line, again, to host the 2020 or 2021 NBA All-Star Game.

Cavs owner Dan Gilbert initially canceled the renovation after a petition had threatened to delay the project.

Here are all the details, via

In other Cavs news:

1. Is Isaiah Thomas’ hip worse than even initially suspected? Perhaps, according to a source quoted in a report from The Athletic. “No one has any idea how quickly this will heal or if it even will heal at all,” the source told the website. “It’s hard to predict.”

2. The Cavs were mostly mum on the injury to Thomas, who wasa obtained in the trade that shipped Kyrie Irving to the Boston Celtics. But Thomas and newcomer Jae Crowder expressed confidence in their new roles with the team. You can read my full report here.

3. As for the other report, The Athletic wrote that a source said Thomas is “dealing with more than just a tear. Some of those secondary issues in the hip he has played with for years now, such as a loss of cartilage and some arthritis, are complicating his healing process.”

4. Finally, the Cavs could have some help on the way in Chicago Bulls guard Dwyane Wade — who told he wants to compete for another championship. Wade and the Bulls are widely expected to reach a buyout agreement, but it may not happen until well into the season. (Full report from Amico Hoops.)

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