Wednesday, April 27, 2011

Chauncey Billups to Return to New York

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By Justin Worsley,

The New York Knicks announced on Wednesday that the team will pick up the $14.2 million option of point guard Chauncey Billups.

Billups, 34, was acquired by the Knicks last February in a deal with the Denver Nuggets that also brought forward Carmelo Anthony to New York.

The Knicks had until Friday to either pick up Billups' option or pay the former NBA Finals MVP a $3.7 million buyout.

"Chauncey, Amare [Stoudemire] and Chauncey [Billups] are a great nucleus, as we continue to look to improve our team going into the offseason," Knicks president of basketball operations Donnie Walsh said in a statement. "Chauncey is an extremely talented and experienced point guard...we are very happy to have him back."

In 21 games with the Knicks last season, Billups averaged 17.5 points and 5.5 assists per game.

New York made the playoffs for the first time since the 2003-04 season, but were swept by the Boston Celtics. Billups, who has played in the conference finals every year between 2003-09 with both the Detroit Pistons and the Denver Nuggets, said he wants to stay and see the return of championship-caliber basketball in New York.

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