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.
The Cleveland Cavaliers lost the 2015 NBA title, but the games brought the city $1.4 million in added tax revenue.
The alternative currency is getting strong support from an unlikely place.
Despite earning $6.6 million this year, one NBA star has trouble balancing his checking account.