Knicks pick up 14.2M option on Billups
Old 04-27-2011, 07:08 PM   #1 (permalink)
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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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Old 04-27-2011, 07:24 PM   #2 (permalink)
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Old 04-27-2011, 08:21 PM   #3 (permalink)
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Knicks as smart as ever.
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Old 04-27-2011, 08:22 PM   #4 (permalink)
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Chauncey, Amare [Stoudemire] and Chauncey [Billups] are a great nucleus....... add melo and you've got the big 4.
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Old 04-27-2011, 08:24 PM   #5 (permalink)
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well, if you get 2 chauncey's for $14 mil, that's obviously a good deal.
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Old 04-27-2011, 08:57 PM   #6 (permalink)
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At 7 mill a piece, that's a steal!
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Old 04-27-2011, 09:59 PM   #7 (permalink)
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I'm flabbergasted as to why the Knicks would do this with a potential lockout coming.

IMO they would have been much better off going after Nash and trying to swing a deal with PHX.
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Old 04-27-2011, 10:07 PM   #8 (permalink)
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This doesn't really mean that he is staying in NY. Even at 14 mil. he is an expiring that will bring back value as a trade asset.
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Old 04-27-2011, 10:41 PM   #9 (permalink)
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I'm flabbergasted as to why the Knicks would do this with a potential lockout coming.
There are numerous reasons why you shouldn't be. They only had until Friday to make up their mind. If they had until after the draft, then I could understand why someone would be shocked, since the Knicks could have talked to other clubs about who is on the market. But given that this decision had to be made before the end of the playoffs, it makes some sense. It may not be the course of action that everyone would agree is best (I can appreciate that), but the decision to keep Billups is logical.

1 - if there is a lockout, they won't have to pay the money anyway, and it's only a one year deal. It doesn't cause any cap related problems, even if the CBA is changed. The Knicks payroll is still lower than many teams, even with Billups for one extra year.

2 - There are no real "gotta have them" point guards available via free agency this summer, so the cap space wouldn't get them an equivalent PG.

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IMO they would have been much better off going after Nash and trying to swing a deal with PHX.
3 - or you just sign him outright the summer of 2012. He is an expiring. Furthermore, what does NY have to offer, even if they wanted to make a trade? The Knicks are already short a couple of future picks from other deals, and gave away half their roster to acquire Melo. They don't have much to work with, which makes it difficult to outbid another team in order to rent Nash next year. Billups' option conveniently comes off the books just as Nash becomes a free agent. If Nash is still healthy at that point, then NY can still get him, assuming they want him.

4 - As I mentioned earlier, I can appreciate that someone might not think this is the best course of action. I might not agree but would certainly understand if a Knick fan wanted NY to use the cap space to offer Marc Gasol a massively front loaded offer sheet. If it was massively front loaded, maybe the Knicks would have a slim chance of scaring off Heisley. Then, once Gasol is signed this summer, the Knicks could use the full MLE to go after Nash the following summer. Given his age, and the opportunity NY would provide, the MLE might get Nash. The problem, of course, is that, with the lockout looming, nobody knows what will even be possible in the future. The MLE may not even exist.
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Old 04-27-2011, 10:48 PM   #10 (permalink)
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This doesn't really mean that he is staying in NY. Even at 14 mil. he is an expiring that will bring back value as a trade asset.
Good point. That's possible.
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Old 04-27-2011, 10:58 PM   #11 (permalink)
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This doesn't really mean that he is staying in NY. Even at 14 mil. he is an expiring that will bring back value as a trade asset.
That's true.
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