CAVS/GATEWAY AGREE ON THE GOLDEN ROAD TO UNLIMITED DEVOTION

          Cleveland's Gateway Economic Development Corp. and the
     Cavs have reached an agreement where Gateway will pay three-
     fourths of the $2M in "disputed improvements to Gund Arena,
     but that the team will not make repairs in the future
     without discussing them with Gateway first," according to
     Janet Cho of the Cleveland PLAIN DEALER.  The "tentative
     deal announced yesterday ends a squabble over repairs dating
     back" to '96.  The deal calls for Gateway to "assume
     responsibility for more than" $1.5M, with the Cavs accepting
     responsibility for about $406,000.  The list of repairs
     included such "costly items as repainting the arena,
     equipment repairs, new carpeting and upgrades in the heating
     and air conditioning systems."  The deal also allows Gateway
     to deduct $467,000 from its $2.5M debt to the Cavs. 
     Gateway, the team's landlord, questioned whether the Gund
     improvements fall under regular maintenance -- which the
     team is responsible for -- or "capital repairs," which are
     deducted from the team's rent payment (PLAIN DEALER, 1/13).