Cleveland Cavaliers failed to capture their second championship and will not face a tough offseason. The 2016 NBA champions have many free agents, but not a lot of cap space, so it's unsure who will they keep or let go. However, it seems that Kyle Korver will remain a Cavalier for at least one more year. The 36-year old sharpshooter was one of the the best shooters in the NBA last season, and the Cavaliers know how valuable he was.

Korver has yet to play a full season with the Cleveland Cavaliers as he was traded to them in early January this year.

This midseason trade improved the Cavaliers, but they still couldn't win a championship as they faced off against the incredible Golden State Warriors. This loss might bring some drastic roster changes for the Cavaliers as they will need to become a much better team in order to have a chance against the Warriors.

Kyle Korver's job seems to be safe

Joe Vardon of reported that the Cleveland Cavaliers will most likely resign Kyle Korver for the 2017/18 season. In Cleveland, Korver averaged 10.7 points and 2.8 rebounds per game. His three-point shooting was simply incredible as he shot 48.5 percent from the long range.

Korver also appeared in 18 playoff games, but his numbers were really low as compared to the regular season.

The shooting guard averaged only 5.8 points per game in the postseason and he shot 39.1 percent from beyond the arc.

The last contract Kyle Korver signed was in 2013 and he was paid $24 million for four years. Last season, Korver was paid $5.2 million, but it is very unlikely that he will get that much money on his next contract.

Due to his age and poor playoff performance, the Cavaliers will look to sign him for much less than $5 million.

Salary cap situation

Cleveland Cavaliers only have eight players under contracts for the next season, yet these players will be paid over $125 million combined. Considering that salary cap will be increased to $102 million, the Cavaliers will once again go beyond it and will pay the luxury tax.

LeBron James will once again be the highest-paid player on the team with $33.3 million, while Kyrie Irving and Kevin Love will receive $41.5 million combined. Tristan Thompson's big contract will earn him $16.4 million next year, while J.R. Smith will receive $13.8 million. The Cavaliers will also spend a lot of money on their bench as Richard Jefferson, Channing Frye and Iman Shumpert will be paid over $20 million combined.