Chauncey Billups

New York Knickerbockers Senior Vice President, Basketball Operations and Interim General Manager Glen Grunwald announced today that the team has waived guard Chauncey Billups, designating him as the club’s amnesty player.

Billups, 6-3, 210-pounds, averaged 16.8 points on .427 shooting, 5.4 assists, 2.6 rebounds over 32.1 minutes in 72 games (72 starts) with Denver and New York last season. Acquired by the Knicks on Feb. 22, 2011, Billups he averaged 17.5 points on .403 shooting, 5.5 assists and 3.1 rebounds over 31.6 minutes in New York.

The Knicks liked Billups, but felt they needed to do this for salary cap reasons, as they are going to acquire center Tyson Chandler today.