CLEVELAND -- Chauncey Billups was offered the job to be the Cleveland Cavaliers' vice president of basketball operations, a new position overseeing the front office created by David Griffin's departure, but he has yet to accept.

Billups met with Cavs owner Dan Gilbert on Tuesday and Wednesday to discuss the position.

A team source said Wednesday evening that no formal offer had been made, and that Gilbert's primary focus was on making trades Thursday, but two sources with knowledge of the negotiations confirmed that Billups was indeed offered the position.

As previously reported by cleveland.com and other outlets, the job would be as vice president, with a general manager working under him. Billups, 40, a former NBA champion point guard for the Pistons, is an analyst for ESPN and has never worked in a front office.

The Athletic, a subscription-based sports site, is reporting Billups' offer is five years.

Sources told cleveland.com that Billups was meeting with powerbrokers in and around the organization during the Finals, when it was known that Griffin's tenure as general manager could end.

But now that the offer is in hand, Billups is "conflicted," sources said, and among the reasons is apparently the possibility that LeBron James leaves next summer as a free agent.

A source close to James, however, said Billups was not initially concerned about James' future and that he shouldn't be worried about James leaving.

Billups is also a close personal friend of Cavs coach Tyronn Lue.