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Sources: Cavs Offered Below-Market Salary to Billups
The Cleveland Cavaliers offered former NBA All-Star Chauncey Billups what is viewed in NBA circles as a below-market salary of $2 million annually for the role of serving as President of Basketball Operations, league sources told ESPN.
According to sources, the team’s initial offer was $1.5 million. League sources tell ESPN $4 million is typically the starting point of what an individual in that role should earn. Sources maintain financial compensation wasn’t the only factor as to why the 40-year-old Billups turned down the job on Monday after weeks of deliberation, but it played a part.
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