NEW YORK – The New York Knicks are bringing Chauncey Billups back for next season.
The Knicks announced Wednesday that they are keeping the veteran point guard, deciding his leadership outweighs the savings they would have earned by waiving him this week.
The Knicks would have been obligated to pay Billups only $3.7 million if they cut him within five days after the season. Instead, he will be on the books for $14.2 million next season, when he will run a team in its first full season with Amare Stoudemire and Carmelo Anthony together.
“Chauncey, Amare and Carmelo are a great nucleus, as we continue to look to improve our team going into the offseason,” team president Donnie Walsh said in a statement. “Chauncey is an extremely talented and experienced point guard — we are very happy to have him back.”
The Knicks acquired Billups along with Anthony from Denver in February. He averaged 17.5 points with the Knicks but battled a pair of injuries, missing six games with a bruised left quadriceps in March, then straining a tendon in his left knee during Game 1 of the playoffs and missing the final three games of New York’s loss to Boston. Walsh said those
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