The Detroit Pistons announced on Monday that they declined to pick up Chauncey Billups's $2.5 million team option for 2014-15, potentially bringing an end to his playing days.
"Chauncey Billups will always be a valued member of the Detroit Pistons' family," said Stan Van Gundy, the Pistons' newly appointed coach and president of basketball operations. "Decisions like these are always difficult to make and we certainly wish Chauncey and his family the best in the future."
Billups, 37, a former Nugget and Colorado native, recently told 9News in Denver that he was considering retirement.
"It's been very frustrating," Billups told the television station. "But as we know, Father Time is undefeated. He's undefeated. But I can't be too frustrated, I got a lot of miles and a lot of use out of my body.
"Just getting older, it sucks sometimes you know."
Billups, a 16-year NBA veteran, has played for seven different NBA teams in his career, averaging 15.2 points and 5.4 assists per game while shooting 41.5 percent from the field and 38.7 percent from three.
He signed with the Pistons as a free agent last season, but received little playing time after injuring his Achilles the previous season, with the Clippers, and then undergoing knee surgery in February.
In 2004, Billups led the Pistons to an NBA Championship and earned the NBA Finals MVP along the way.
He returned to his hometown in 2008 for a second stint with the Nuggets — he first played for Denver from 1999-2000 after being traded from Toronto — and helped them to consecutive playoff appearances, including a trip to the Western Conference Finals in 2009. He also earned two of his five All-Star appearances (2009,'10) while with the Nuggets.
Billups had made it clear then that he wanted to stay in Denver and retire a Nugget, but the team shipped him to New York as part of the Carmelo Anthony trade in 2011. Billups has since struggled to stay healthy, playing only 61 games in his last three seasons combined.
Last month Billups professed his desire to join a front office, telling The Detroit News that he had learned from Detroit's executives of the inner workings of their front office and how to scout talent.
Most recently, Billups has been rumored to be in the running for an assistant coaching job with the Timberwolves. ESPN.com's Marc Stein tweeted that Flip Saunders, Minnesota's coach and president of basketball operations, was likely to pursue the Colorado legend as an assistant.
Nicki Jhabvala: email@example.com or at twitter.com/nickijhabvala