ESPN has a nice article confirming what I said earlier. Gilbert cheaped out. Initial offer to Billups was just 1.5 million which was up to still under 2 million as a final offer. The market rate for a first timer in that position is 4 million. Article also confirms that Griffin was making less than 2 million a year and that he left over money. Gilbert just doesn't pay GM's which is why they always leave after the first contract.
I wonder about these GM contracts.
It's tough to gauge because they usually don't give out details or have a strict CBA to adhere to like the players. So what do these contracts actually look like?
Like ESPN says Griffin made less than $2m,
Money Inc. says it was $5.8m in 2016, and for everyone else in the Money Inc article they emphasized salary + bonuses/incentives. I'd tend to trust ESPN here, but are they reporting base salary only and others are reporting on total comp? Because, especially for Execs, those are 2 totally different things.
So back to Billups/Griffin. Is it $1.5m base salary, with maybe something like a 500k bonus for finishing 1st in division, $750k bonus for finishing 1st in conference, $1m for making Finals, $2m for winning a championship? With LeBron on your team, sure it's $1.5m base pay, but you're realistically looking at being division champs, a #1 seed, a Finals appearance, and a good chance of winning a championship, so is there an additional $2m-4m in achievable bonuses?
I could see a cheap owner like Gilbert (as well as others around the league) structuring contracts like that, especially if you're in a win now mode, "I'm not paying you to lose!" And I can see how guys like Billups/Griffin know the LeBron money train might be reaching the end of the line (or how hard is it to win even with LeBron) and would push for more guaranteed money.