Headlines
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.
Source: Chris Haynes and Marc J. Spears of ESPN
Add Basketball Insiders to your Google News Feed!
-
Main Page 1 week ago
LeBron James joins Michael Jordan as only NBA players with multiple 40-point games after turning 39
-
Main Page 1 week ago
Nikola Jokic 1st NBA player since Oscar Robertson with 26+ points, 18+ rebounds, & 16+ assists in a game
-
NBA 1 week ago
Ex-MLB star Alex Rodriguez vows to keep trying to buy Timberwolves franchise despite rejection
-
Main Page 1 week ago
Kings are 14-5 this season when Keegan Murray scores 19+ points