and November 1982, the team had a 24-game losing streak, which, at the time, was the NBA's longest losing streak. George and Gordon Gund purchased the Cavaliers from Stepien in 1983. The Cavaliers made the playoffs 10 times between 1985 and 1998. The 1988–89 seasons was the Cavaliers' best season to date, finishing the regular season at 57–25 with a team that included Brad Daugherty, Mark Price, Ron Harper and Larry Nance, and head coach Lenny Wilkens. They had their second 57-win season in 1991–92 and reached the Eastern Conference Finals that year. However, between 1999 and 2005, the Cavaliers failed to make a playoff appearance. The Cavaliers finished the 2002–03 season 17–65, tied for the worst record in the NBA. The Cavaliers had the No. 1 pick in the 2003 NBA draft, selecting future NBA MVP LeBron James, a native of nearby Akron. On January 3, 2005, the team was sold to businessman Dan Gilbert for $375 million, and the deal was finalized on March 1, 2005. That year, the team also hired head coach Mike Brown and general manager Danny Ferry. The Cavaliers built a team around James and Žydrūnas Ilgauskas by adding players such as Drew Gooden, Larry Hughes and Anderson Varajao. Under this new leadership, the Cavaliers made five straight playoffs from 2006 to 2010, advancing to at least the second round each time. The 2006–07 Cavaliers advanced to the franchise's first NBA Finals, but were swept by the San Antonio Spurs. The 2008–09 Cavaliers won a franchise-record 66 games, including a franchise-best 39–2 record at home, but lost the Eastern Conference Finals to the Orlando Magic. Despite the addition of four-time NBA champion Shaquille O'Neal, the 2009–10 Cavaliers were unable to return to the Eastern Conference Finals after losing to the Boston Celtics in the second round. With the Cavaliers out of the playoffs, the focus turned to James' impending free agency. On July 8, 2010, James announced in a nationally televised one-hour special titled The Decision that he would be signing with the Miami Heat. The repercussions of this announcement left many in the city of Cleveland infuriated and feeling betrayed. After a 19–win season in 2010–11, the Cavaliers began a rebuild around Kyrie Irving, whom they selected first overall in the 2011 NBA Draft. In 2014, James returned to the Cavaliers after four seasons in Miami. While the Heat had a 224–88 record