No buy out for Chauncey here, Knicks have picked up the 1 year option worth 14 million plus.
via espn.com
"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 operation Donnie Walsh said in a statement. "Chauncey is an extremely talented and experienced point guard -- we are very happy to have him back."
What does this mean for the Knicks front line help, only the new collective bargaining agreement can answer that.
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