Cleveland Cavaliers

The Cleveland Cavaliers, also known as the Cavs, are an American professional basketball team based in Cleveland, Ohio. The Cavs compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The team began play as an expansion team in 1970, along with the Portland Trail Blazers and Buffalo Braves. Home games were first held at Cleveland Arena from 1970 to 1974, followed by the Richfield Coliseum from 1974 to 1994. Since 1994, the Cavs have played home games at Quicken Loans Arena in downtown Cleveland, which is shared with the Cleveland Gladiators of the Arena Football League and the Cleveland Monsters of the American Hockey League. Dan Gilbert has owned the team since March 2005.

The Cavaliers opened their inaugural season losing their first 15 games and struggled in their early years, placing no better than 6th in the Eastern Conference during their first five seasons. The team won their first Central Division title in 1976, which also marked the first winning season and playoff appearance in franchise history, where they advanced to the Eastern Conference finals. The franchise was purchased by Ted Stepien in 1980. Stepien's tenure as owner was marked by five coaching changes, questionable trades and draft decisions, and poor attendance, leading to $15 million in financial losses. The Cavs went 66–180 in that time, never better than 8th in the conference, and endured a 24-game losing streak spanning the 1981–82 and 1982–83 seasons. Stepien's repeated trades of the team's first overall draft pick led to the NBA creating the "Stepien rule" to prevent such trades.

George and Gordon Gund purchased the franchise in 1983. During the latter half of the 1980s and through much of the 1990s, the Cavs were a regular p