Personal Finance Advice and Commentary

Thursday, July 07, 2016 12:57 pm
By Kay Bell · Bankrate.com

The NBA and MLB impose luxury taxes on teams that exceed spending caps. The new NBA champion Cleveland Cavaliers are facing a $54 million luxury tax.

Tuesday, June 23, 2015 2:23 pm
By Kay Bell · Bankrate.com

The Cleveland Cavaliers lost the 2015 NBA title, but the games brought the city $1.4 million in added tax revenue.

Friday, January 17, 2014 2:22 pm
By David McMillin · Bankrate.com

The alternative currency is getting strong support from an unlikely place.

Thursday, November 21, 2013 6:05 am
By David McMillin · Bankrate.com

Despite earning $6.6 million this year, one NBA star has trouble balancing his checking account.