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Cavaliers pick up Timofey Mozgov’s team option

2015 NBA Finals - Game Six

CLEVELAND, OH - JUNE 16: Timofey Mozgov #20 of the Cleveland Cavaliers goes up to shoot during Game Six of the 2015 NBA Finals at The Quicken Loans Arena on June 16, 2015 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2015 NBAE (Photo by Nathaniel S. Butler/NBAE via Getty Images)

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The Cavaliers have a summer of spending ahead of them.

LeBron James, Kevin Love, Tristan Thompson, J.R. Smith and Iman Shumpert are each in line for sizable contracts.

Timofey Mozgov, who has a $4.95 million team option, is one of Cleveland’s few chances to lock up a player for less than market value.

Eric Pincus of Basketball Insiders:

This was an obvious move, because Mozgov is a solid starting center, and starting centers typically get eight digits.

But it’s not difficult to see the Cavaliers’ payroll – counting player salaries and luxury tax – eclipsing $250 million next season if they bring everyone back and trade Brendan Haywood’s contract. Removing Mozgov, because of the progressive luxury tax, could save Cleveland more than $30 million.

If the Cavaliers are going to try saving money, they’ll do it somewhere else.