Billups Will Return to the Knicks
Chauncey Billups will return as the Knicks point guard next season.
The team picked up his $14.2 million option on Wednesday, two days before the deadline to either pick up the option or buy him out for $3.7 million.
“We have made a decision to keep Chauncey Billups for the upcoming 2011-12 season,” Knicks president Donnie Walsh said in a statement. “Chauncey, Amar’e and Carmelo are a great nucleus, as we continue to look our team going into the off-season. Chauncey is an extremely talented and experienced point guard — we are very happy to have him back.”