It gets better...
As of right now the Cavs have a total committed team salary of $9.1 million for the 2013-2014 season. That $9.1 million is the combined 2013-2014 salaries of Anderson Varejao, Tristan Thompson, Omri Casspi and Kyrie Irving.
That’s four players they have on the books for the 2013-2014 season. That figure ranks 30th among all NBA franchises. That number will indubitably increase after this years upcoming draft where the Cavs will have four picks and will consequently add four more salaries, but nonetheless, the team will still be in a extremely good position.
Since the events that occurred in the summer of 2010, the Cavs have unloaded and rebuilt.
By professional sports franchise standards, they’ve done it in a incredibly short time span too. It turns out that kind of stuff isn't all that hard to do when you're allowed to amnesty Baron Davis at the expense of being able to draft Kyrie Irving.
So yes, over the next two seasons the Cavs will have a ton of cap room.
What's interesting about that is: 1) their owner is Dan Gilbert—the same guy who paid so many luxury taxes in the 2009-2010 season that he was 30 percent of the reason the lockout happened (and lasted so long) in the first place; and 2) Gilbert hasn't found himself under the cap since the Larry Hughes signing, so there's no telling what he might do this summer or next (not sure if that's a good or bad thing though).
So here are five players they could be targeting in the next two year’s.