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Knicks Pick Up Option on Billups


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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."

ESPN NY

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