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Billups deal revealing Walsh's future

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08:38 AM ET 04.28 | There may be a subtext to the Knicks' Wednesday headline. The Knicks decision to retain Chauncey Billups at a steep price could be an indication that Donnie Walsh is starting to regain his power within the organization. Walsh, who is in talks with Garden chairman James Dolan about a contract extension, announced Wednesday that the club is picking up the option year on Billups' deal, worth $14.2 million. The Knicks had until Friday to decide whether to keep Billups or buy out his contract for approximately $4 million. The Daily News reported in February that Billups had received a verbal guarantee from the organization that it would keep him.

New York Daily News

Chauncey Billups, Getty Images Chauncey Billups, Getty Images
April 28, 2011  08:44 AM ET

Love Billups but $14mm is a lot of money for
...one year
...a half-court player paired with a full-court coach
...a guy who will turn 35 this next season.

April 28, 2011  08:53 AM ET
QUOTE(#1):

Love Billups but $14mm is a lot of money for...one year...a half-court player paired with a full-court coach...a guy who will turn 35 this next season.

Exactly...

April 28, 2011  09:04 AM ET

The Knicks was smart to keep Billups. Billups is a vet and a clutch player. You need guys like that on a team. Besides, who should they replace billups with if they would have not picked him up? Its not like CP3 is comming to NY next year.

April 28, 2011  09:10 AM ET
QUOTE(#4):

The Knicks was smart to keep Billups. Billups is a vet and a clutch player. You need guys like that on a team. Besides, who should they replace billups with if they would have not picked him up? Its not like CP3 is comming to NY next year.

This is no brainer. We need a big expiring contract as trade chip next season and he fulfills that need not to mention he's a very capable point guard. Now lets go shop for some fill-in the gap big men and we'll be all good for next season... as we patiently wait for CP3, Dwight Howard or a combo of Gallo & Felton. I'm not a big Chandler fan. He's not consistent... he's a huge underachiever for his talent...

April 28, 2011  09:29 AM ET

Cash in while you can, Bro.

Comment #8 has been removed
April 28, 2011  09:51 AM ET

Why do we even have to still talk about the Knicks when there are still good teams playing basketball?

April 28, 2011  09:57 AM ET
QUOTE(#9):

Why do we even have to still talk about the Knicks when there are still good teams playing basketball?

Xactly!

Comment #11 has been removed
April 28, 2011  10:28 AM ET
QUOTE(#11):

EXACTLY!!!! I'm a little shocked you'd want Gallo back on your roster after all the bashing you gave him this season though...

He can average 50ppg. If he sucks one game it's back to hatred. On second thought I wouldn't mind Chandler coming back cos he can play the 2, 3 and 4 but that guy smokes too much so he's on and off... given his talents and size he should be an elite player at this point in his career but that's never going to happen... that's why I'd rather have Gallo... at least you know what y're getting him and he's improved every season. I can't say that about Chandler so F him and his ugly tatoos...he's right at home in Denver with the birdman and crackysmith...

Comment #13 has been removed
April 28, 2011  10:50 AM ET
QUOTE(#13):

If we extend him and then perhaps trade him and his expiring contract for player or players yet to be determined, we still get full value. Think. This is chess not checkers.

Well if that's the case, and it may well be, then we shall revisit this when 'said players' arrive in NY. In the meantime, we are looking at a team paying the most money ever to Chauncey for what will likely be his least productive season.

Comment #15 has been removed
Comment #16 has been removed
April 28, 2011  11:36 AM ET

anyone out there avaliable that is better? Nope, this was purely a basketball move. Plus they now have the option of trading him should a team want to shed salary, plus his contract expires right when the next big free agent class hits the market. I'd say at that point they go hard after Howard, if he's open to New York, then maybe even resign Billups. Heck, hopefully by then, Tony Douglas can develop into a servicable starting PG to combo with Fields.

April 28, 2011  11:37 AM ET
QUOTE(#12):

He can average 50ppg. If he sucks one game it's back to hatred. On second thought I wouldn't mind Chandler coming back cos he can play the 2, 3 and 4 but that guy smokes too much so he's on and off... given his talents and size he should be an elite player at this point in his career but that's never going to happen... that's why I'd rather have Gallo... at least you know what y're getting him and he's improved every season. I can't say that about Chandler so F him and his ugly tatoos...he's right at home in Denver with the birdman and crackysmith...

I think you smoke too much too

Comment #19 has been removed
April 28, 2011  11:58 AM ET
QUOTE(#16):

Who is going to trade for a $14 million contract when that will end in one year? Why would that be smart? Who is going to bite on trading for CBill? I guess their scenario is the other team would be dumb enough to trade their young player for an old and injury-plagued PG. Warriors will trade Steph Curry or Ellis for CBill or DWill for CBill or CP3 for CBill...lol... it didn't make sense at all. Business is business and NY could have saved money to sign for a younger player...

I don't know and I'm not saying thay will. For the sake of devil's argument, lets say a team is looking to 'salary dump' (think Gerald Wallace this past season). Billups could be traded and immediately bought-out for a tiny sum. Billups will be cool with this because he's a free agent and can return to Denver for the vet min. So, the question is what player will be the casualty of a salary dump?

Best case is Billups and a 1st-rounder to Philly for Iggy.

Comment #21 has been removed
 
April 28, 2011  12:24 PM ET
QUOTE(#21):

I think his buyout is done when they signed him for $14 million. I don't think he is willing to lose $10 million.

Is it fully guaranteed? If not, I'm thinking this is a return of the Erick Dampier contract for $10mm but only $3mm guaranteed - many teams wanted that one (no joke).

If it's fully guaranteed than the Knicks better pray for a "turn-back-the-clock" year from Billups because I don't know how tradeable this contract will be.

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