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Old 04-27-2011, 07:08 PM   #1 (permalink)
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Knicks pick up 14.2M option on Billups

The New York Knicks decided not to buy out the contract of point guard Chauncey Billups on Wednesday, ensuring he will be with the team for his full $14.2 million salary for the 2011-12 season.

The Knicks had until Friday to pick up the option or pay Billups 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."

The 13-year veteran missed three of the Knicks' four playoff games, all losses, to the Boston Celtics after straining a knee tendon late in Game 1 of their Eastern Conference first-round series.

Billups played 21 regular-season games with the Knicks after coming over from the Denver Nuggets in the Carmelo Anthony trade. He averaged 17.5 points and 5.5 assists for New York.
New York Knicks pick up $14.2M option on Chauncey Billups - ESPN New York
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