Wednesday , Jul , 11 , 2007 C.Y. Ellis

Pistons re-sign Billups

Auburn Hills, MI (Sports Network) – The Detroit Pistons re-signed guard
Chauncey Billups to a multi-year contract Wednesday.

Terms of the deal were not released, but last Friday, the Detroit Free Press
reported Billups and the Pistons agreed on a five-year, $60.5 million contract
with the fifth year being a team option.

“We are pleased to have reached an agreement with Chauncey Billups,” said
Pistons president of basketball operations Joe Dumars. “We have said from day
one that re-signing Chauncey was our top priority of the offseason and we are
excited that he will be a Piston for years to come.”

Billups had opted out of his contract on June 25, making himself one of the
top unrestricted free agents on the open market. He was in the final
year of his six-year deal and was slated to make over $6 million in 2007-08.

Last season, Billups averaged 17.0 points and 7.2 assists per game.

Originally the third overall pick in the 1997 NBA Draft by Boston,
Billups has averaged 14.5 points and 5.3 assists with the Celtics, Toronto
Raptors, Denver Nuggets, Minnesota Timberwolves and Detroit Pistons.

He has found a home over the last five seasons in Detroit, guiding a Pistons
team that has turned into perennial playoff contenders and won it all in
2004.

DET