AUBURN HILLS, MI (WTVB) - The Detroit Pistons won't be picking up the option on veteran guard Chauncey Billups' contract for the 2014-2015 season. Billups, who signed a two-year deal last July worth a reported $5 million won an NBA title with Detroit in 2004 during his first stint with the team and was an All-Star in five straight seasons from 2006-10. The 37-year-old has also played for 6 other teams in his 17-year NBA career. The NBA's free agency period started this morning at midnight but players can't officially be signed until July 10th.
Meanwhile, the plan is in place for Pat Riley to bring Miami's "Big Three" all back home. Yahoo Sports reports LeBron James, Dwyane Wade and Chris Bosh have the basic amounts they will make in place and are giving Riley a chance to make additions to the roster. James is expected to be getting the maximum amount he can make, while Bosh along with Wade would be taking pay cuts. After falling to the Spurs in five games in the NBA Finals, LeBron wants to see the roster improve before committing back to the Heat.