Re: Knicks keep Chauncey Billups for 2011-12 season
It's a solid move.
They retain his expiring contract which will probably be peddled heavily for a star in a Carmelo-like situation (i.e. Dwight Howard, CP3 or Deron Williams).
Even if that doesn't pan out, Chauncey plays an earthbound floor game. He's a pretty solid player that'll be inexpensive to retain for the next few years. Plus, you have to consider that if they just let him expire, that cap space won't go anywhere useful because there are no good free agents this summer. You might as well keep him to "preserve" the cap space for another year.