Chauncey Billups Moves On Amit Reports of Being Lowballed
About a week ago, it seemed like former Detroit Pistons star Chauncey Billups was days away from being announced as the Cleveland Cavaliers’ new president of basketball operations.
The wait was thought of as nothing more than a formality.
Fast forward a week, and the Cavs, especially controversial owner Dan Gilbert, are under fire yet again, as Billups has opted to bow out of the executive race and return to Ice Cube’s BIG3.
Billups said that the reason for him moving on was largely in part to the timing of the situation, but multiple ESPN reports suggest that wasn’t the only issue that presented itself. Chris Haynes and Dave McMenamin reported that the Cavs seriously lowballed Billups after making a below-market offer of $2-million per year. The initially offer was even worse and came in at $1.5-million according to the reports.
As a point of reference, the NBA’s starting salary for team presidents is $4-million. Phil Jackson originally signed up to become the Knicks’ president of basketball operations on a graceful five-year, $60-million deal.
As the search for a replacement continues, the Cavs again find themselves in hot water and the consequences that Gilbert may face in the future may cost him, as LeBron James heads into free agency next offseason.