Gilbert promises to keep Cavs in Cleveland

Cavaliers owner Dan Gilbert could be footing a bill for $300 million next year if LeBron James reups with the team this summer.

Cleveland Cavaliers owner Dan Gilbert wanted to put to rest any thoughts of him moving the team to another city. So he turned to Twitter.

“Let’s put any silly rumors to rest: I will never move the Cleveland Cavaliers out of Cleveland. Period. And that’s unconditional,” Gilbert tweeted Thursday.

The rumors stem from the Cavs’ announcement earlier this week that they’re withdrawing from the $140 million Quicken Loans Arena transformation project.

“The Q is the oldest arena in the NBA without a major structural renovation,” the team announced in a release. “The renovation project would have extended the life of The Q to over 40 years when the average life of similar facilities is only 22 years in the NBA.”

Withdrawing from the project means the Cavs will not host the All-Star Game in 2020 or 2021, and according to one Cleveland-based lawyer, has put the team’s future in Cleveland in doubt.

“I think it has put a big question mark on the future of the Cavs in Cleveland,” Fred Nance, the lawyer who negotiated the project, told WKYC-TV. “Because while the deal would have extended [the Cavs’] lease and we wouldn’t have had to deal with this until 2034.

“It’s not clear what’s going to happen in 2027 and owners don’t wait until December 30 of the last year of their lease. They start making those plans years ahead of time.”

But Gilbert, who has invested millions upon millions in the city and the franchise, strongly disagreed.

The Cavs completed their trade of All-Star point guard Kyrie Irving to the Boston Celtics on Wednesday night. In return, they received point guard Isaiah Thomas, small forward Jae Crowder, rookie center Ante Zizic, Brooklyn’s 2018 first-round pick and Miami’s 2020 second-round pick.

It has been reported that Gilbert played a large role in finalizing the deal.

2 Comments on "Gilbert promises to keep Cavs in Cleveland"

  1. Martin Reese | August 31, 2017 at 1:55 pm |

    Nice to know and a nice PR move by Dan. “LeBron won’t commit to you early Cleveland, but I will.”

  2. William risman | August 31, 2017 at 10:29 pm |

    Hard to believe a phony civic organization can attain more than 10,000 signatures on a petition to stop the quick an loans arena renovation. Gilbert is the main tenant and willing to pay for at least half the cost of the $140 million project. The arena is an asset owned and maintained by the city of Cleveland( tax payers) if the thought is to let the city owned asset degrade and deteriorate as most of the structures in Cleveland appear that is a disgrace. The project has no connection with money required to renovate squalid neighborhoods of schools as the money not used for this project will not be diverted for other uses. Therefore it makes no sense to allow a city asset to depreciate.

Comments are closed.