Former Pistons guard Chauncey Billups says late owner Bill Davidson and former president Joe Dumars provided the key to his success by believing in him. Video by Carlos Monarrez/DFP
ORLANDO – It appeared former Detroit Pistons star Chauncey Billups would realize his goal of running an NBA franchise.
But it appears that a “below-market” offer from Cleveland Cavaliers owner Dan Gilbert will keep Billups in the television booth for now.
ESPN.com reporters Chris B. Haynes and Marc Spears reported last week that a reason Billups turned down Gilbert’s offer was compensation.
Citing unnamed league sources, the report states the Cavs offered Billups a below-market salary of $2 million per year to serve as the Cavs president of basketball operations.
The report states: “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.”
Considering Billups would be an executive with no front office experience, it’s not exactly a surprising salary.
New Milwaukee Bucks general manager Jon Horst, who began his NBA front office career with the Pistons in 2005, reportedly is earning $500,000.
But the ESPN article notes that other front office novices – Los Angeles Lakers general manager Rob Pelinka and recently deposed New York Knicks president of basketball operations Phil Jackson – signed lucrative deals.
Billups, 40, will continue to work for ESPN, but should continue to hear his name crop up in the front office rumor mill.
Gilbert, the chairman and founder of Detroit-based Quicken Loans, parted ways with former Cavs general manager David Griffin last month.
Contact Vince Ellis at email@example.com. Follow him on Twitter @vincent_ellis56.
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