DunSports > Basketball > Shams: Billups money won t be deposited into escrow account, he ll lose $7 million
Shams: Billups money won t be deposited into escrow account, he ll lose $7 million
According to previous Shams reports, Rozier, who is under investigation for gambling, and Billups, who is under investigation for gambling, will not be paid during their suspension.
Shams talked about specific details in the live broadcast: "NBA Communicated with all parties involved - the Heat, Trail Blazers and other officials - and decided today to suspend the salaries of Rozier and Billups. Essentially, this is a furlough. Therefore, Rozier's $26.6 million and Billups' $7 million, for now, will not be paid this season.
"However, as I understand it, one difference between the two situations is that Rozier's salary will be placed in an escrow account and his access to the money will depend on it. Billups' salary will not be held in escrow as a result of the charges, so he will take a loss and he won't get the money, depending on the outcome of the investigation and when the results come out. "
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