Cleveland (AP) The Cleveland Cavaliers have signed Seo Services to its $2.8 billion contract to provide financial and legal services to the team.
The team will receive about $1.9 billion of the contract, which is guaranteed and is in line with expectations.
The Cavaliers will use Seo’s financial expertise to provide services to teams and individuals, including helping them with financial matters.
Seo also will handle legal matters involving NBA teams and other organizations.
The Cavaliers were one of three teams to secure Seo last month, along with the Dallas Mavericks and Los Angeles Lakers.
Seo, a private firm based in Chicago, is based in New York City.
It has a total of more than 8,400 employees in more than 30 countries.
It is known for its financial services and tax-preparation services.
The Cavs’ previous deal with the firm was for a minimum of six years, with a 10-year option for a further seven years.