The Detroit Pistons have declined their team option on Chauncey Billups, who signed a two-year contract last season.

"Chauncey Billups embodies what it means to be a member of the Detroit Pistons," Tom Gores said in a statement. "His leadership, dedication and excellence both on and off the court provide a great example for aspiring young athletes."

“Chauncey Billups will always be a valued member of the Detroit Pistons’ family," Stan Van Gundy said. "Decisions like these are always difficult to make and we certainly wish Chauncey and his family the best in the future.”