Bail for Chauncey Billups is set at $5 million

Bail for Chauncey Billups is set at  million
Bail for Chauncey Billups is set at  million

The latest NBA betting scandal has resulted in the release of one of the league’s head coaches on a staggering bail.

Via NBCNews.com, Portland Trail Blazers coach Chauncey Billups, after pleading not guilty to his role in an allegedly rigged and mob-backed poker game, was released on $5 million bail.

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Billups is charged with wire fraud conspiracy and money laundering conspiracy.

The conditions of his bail release prevent him from having contact with witnesses, victims, accomplices or co-defendants. (That’s a standard term.)

The prosecutor handling the case confirmed to the court that guilty pleas are being negotiated with several of the 31 defendants.

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