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Dan Gilbert regrets title guarantee

Updated: October 30, 2012, 8:31 PM ET
Associated Press

CLEVELAND -- Cavaliers owner Dan Gilbert now wishes he wouldn't have guaranteed his team would win an NBA title before LeBron James.

When James left Cleveland for Miami as a free agent in July 2010, Gilbert famously promised in a letter to disappointed Cleveland fans that his Cavs would win a championship before James got one with the Heat.

Well, that ended in June when James, capping his third MVP season, led Miami to a Finals win over Oklahoma City.

"Looking back now, ...

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