As a result, the Cavaliers finished the 2010–11 season last in the conference, enduring a 26-game losing streak, the second-longest in NBA history. After failing to return to the NBA Finals in the ensuing three seasons, James joined the Miami Heat in 2010. They made their first appearance in the NBA Finals in 2007 after winning the first Eastern Conference championship in franchise history. Behind James and Zydrunas Ilgauskas, the Cavaliers again became a regular playoff contender by 2005. Cleveland was awarded with the top overall pick in the 2003 draft, and they selected LeBron James. After the team's playoff appearance in the 1997–98 season, however, the Cavs had six consecutive losing seasons with no playoff action. During the latter half of the 1980s and through much of the 1990s, the Cavs were a regular playoff contender – led by players such as Mark Price and Brad Daugherty – and advanced to the Eastern Conference Finals in 1992. George and Gordon Gund purchased the franchise in 1983. The Cavs went 66–180 over the course of those three seasons and endured a 24-game losing streak spanning the 1981––83 seasons. Stepien's tenure as owner was marked by six coaching changes, questionable trades and draft decisions, and poor attendance, leading to $15 million in financial losses. The franchise was purchased by Ted Stepien in 1980. The team won their first Central Division title in 1976, which also marked the first winning season and playoff appearance in franchise history, where they advanced to the Eastern Conference Finals. The Cavaliers opened their inaugural season by losing their first 15 games and struggled in their early years, placing no better than sixth in the Eastern Conference during their first five seasons. Dan Gilbert has owned the team since March 2005. Since 1994, the Cavs have played home games at Rocket Mortgage FieldHouse in downtown Cleveland, which is shared with the Cleveland Monsters of the American Hockey League. Home games were first held at Cleveland Arena from 1970 to 1974, followed by the Richfield Coliseum from 1974 to 1994. The team began play as an expansion team in 1970, along with the Portland Trail Blazers and Buffalo Braves. The Cavaliers compete in the National Basketball Association (NBA) as a member of the Central Division of the Eastern Conference.
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The Cleveland Cavaliers (often referred to as the Cavs) are an American professional basketball team based in Cleveland.
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