Citing unnamed multiple sources, The (Cleveland) Plain Dealer reported Monday Gilbert has discussed offering Izzo $6 million per year for five years to leave the college ranks and for the pro ranks.
The newspaper's sources said Izzo was mulling the offer, which is much higher than the industry standard for coaches with no NBA experience. It is reportedly packed with incentive clauses and perks such as the free use of one of Gilbert's jets.
The Plain Dealer had earlier reported Izzo was among a handful of candidates atop the Cavs' wish list to replace the fired Mike Brown, who was dismissed two weeks ago.
The newspaper cited "several people who are friends of Izzo" as saying the coach is hesitating about taking the job unless he's convinced superstar free-agent-to-be LeBron James would re-sign with the Cavs.
Notable deaths of 2014 [PHOTOS]