Free agent point guard Chauncey Billups has reportedly agreed to re-sign with the Detroit Pistons, despite earlier rumors that no agreement was in place. The agreed upon contract will pay Billups $60.5 million over the next five seasons, which appears higher than expected since no other serious suitors became apparent.
It was previously reported by ESPN that Billups had agreed to a five-year, $60.0 million contract, but his agent vehemently denied it. “This is a vicious rumor,” agent Andy Miller said. “It’s entirely untrue. We have not reached an agreement. I don’t know what stage we’re at. We’re having ongoing discussions, and I don’t believe that we’re on the verge of signing an agreement anytime today by any stretch of the imagination.”
Clearly Miller’s continuing negotiations paid off for Billups, who now will get an extra $500,000 out of the deal. When asked for comment, Detroit Pistons fan Peter Shermeta said that it is “good that he is staying, bad that he got so much. No one showed any interest.” It appears that the Pistons were willing to throw in extra money for a player who has been an integral part of the franchise since they won the NBA Championship in 2004, upsetting the Los Angeles Lakers 4 games to 1.