According to league sources with knowledge of the team's finances, the Cleveland Cavaliers are projected to post a financial loss between $10 million and $15 million this season.

The Cavs lost nearly $20 million per season over the previous two seasons.

Many of the NBA's 30 teams are operating with losses in the millions, which is expected to strengthen the league's efforts to significantly alter the structure of the collective bargaining agreement with the players' union after next season.