Chauncey Billups was by the to become the team’s president of basketball operations, according to ESPN.
Billups was initially offered $1.5 million by Cleveland, league sources told ESPN, adding that $4 million is the typical starting point for that position.
Billups, 40, is currently working as an analyst for ESPN. , he released a statement to the network.
“I have great respect for Dan Gilbert and the Cleveland Cavaliers, and I greatly appreciate the discussions we had regarding their organization,” Billups said. “As I have conveyed before, ultimately I would like to lead a team’s basketball operation and be a part of a successful franchise. But presently, the timing just isn’t right to delve into that role in Cleveland. In the meantime, I will continue to focus on broadcasting and my other business endeavors.”
