Dec 10, 2011, 2:45 PM EDT
Thanks for coming, Chauncey.
After being traded for Denver in a deal he didn’t want (Billups is from Denver and was happy there), as a sidekick to Carmelo Anthony, and then having his option exercised to pay him $16 million, the New York Knicks exercised their amnesty clause on Chauncey Billups Saturday.
The move means that Billups will enter the “Amnesty auction” in which teams under the cap (and only under the cap) can bid for Billlups’ services by offering to pay part or all of his remaining salary. The $16 million is removed from New York’s cap, and any bidder who puts in a qualifying offer would have that bid on their cap.
The move was made to make room for the signing of Tyson Chandler, acquired in a sign-and-trade with Dallas. The Knicks also traded Ronny Turiaf to the Wizards for Andy Rautins and a second-round pick.
Billups’ agent told Yahoo! Sports earlier in the week that if he is amnestied “buyer beware” if it’s a team he doesn’t want to go to, essentially daring a non-contender to sign him. There have been rumors that were he to go through the amnesty auction process with no one putting in an offer, he could sign with the Heat.
Yeah, I’ll let that one sink in a while.
Billups is available for bid until Friday.
- Shaq tells Suzy Shuster he, Kobe Bryant could have tied Jordan’s six titles 27
- Dwight Howard tried to take loaded gun through airport security, will not face charges 40
- Will Miami make a run at Kevin Durant? 17
- Report: Veteran forward Chuck Hayes agrees to deal with Clippers 6
- Report: Lakers to sign Brazilian, FC Barcelona point guard Marcelo Huertas to one-year deal 10
- Shaq to Kobe on podcast: “I just want people to know that I don’t hate you” 18
- D’Angelo Russell on Tracy McGrady tweet: “Some Lakers fans are spoiled” 28
- Anthony Davis “definitely” plans on shooting more threes this season 4