The Cleveland Cavaliers committed to spending $175.6 million on payroll with $65 million of that in luxury taxes.

"We're committed; we're all-in ... When you invest in something like a sports franchise and you're in for so much ... if you at the margins start pulling back, I think that may be foolish on a lot of fronts," Dan Gilbert said. "We're investing for the future as well as the current."

The Cavaliers have their entire core locked up for the next four seasons with the exception of LeBron James.

Gilbert said that was a driving force behind all the spending in the offseason.

"These guys who are under these large contracts, that's a core for four or five years," Gilbert said. "That's an eternity in this league. As we've seen with NBA franchises, that formula can work."

The Cavs still have a $10.5 million trade exception they could use if needed, but that would take their payroll to more than $200 million. Gilbert didn't say if he was willing to use the exception this season and also didn't say how long he was willing to spend at this level.

"We look at this year by year. There's so many factors, so many things can change," Gilbert said. "We always like to have options. It's not so much the amount of payroll. The question is if you can maneuver. If the team goes a certain way, are all the contracts valuable? Can your general manager still play chess? We never try to say this is [the budget]. It really is how it operates."