Cavs offered Billups a below the market salary of $2 million to replace David Griffin
$4 million is typically the starting point of what an individual in that role should earn
Chauncey Billups turned down Cavaliers offer to replace David Griffin as president of the basketball operations a few days ago.
One of the reasons was the offer the Cavaliers made him: less than $2 million per season.
Per ESPN, 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 told ESPN that $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.
Cleveland is known for its unwillingness to pay top dollar for front-office leadership.
One of the reasons was the offer the Cavaliers made him: less than $2 million per season.
Per ESPN, 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 told ESPN that $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.
Cleveland is known for its unwillingness to pay top dollar for front-office leadership.
E. Carchia
@Sportando
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