Negotiate, my friend…if the company is growing as rapidly as you say, they should be interested in negotiating, particularly if you play the sob story about how your fiance is in college, you can't afford a house yet, and your fiance desperately wants to get pregnant. With a little luck you can equalize the salary plus get some options.
The whole scenario seems a bit odd to me. I can see a sales manager being bonus dependent based on performance, but for the manager to take that kind of a cut purely on the option opportunity seems to be a bit much.
Stan
Speaking from experience. The sob stories that people use to tell me at companies didn't really do it. The ones that came to me and told me what they brought to the table and what it would be like if they weren't there did work though, provided those people really did walk the talk so to speak. You do have to be tactful in saying this. But companies aren't usually sympathetic with people that just ask for a raise for because of some sob story. Just my opinion.