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.
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