The Detroit Pistons say they won't pick up the team option on veteran NBA guard Chauncey Billups' contract for the 2014-15 season.
Coach Stan van Gundy says Monday's announcement was a hard one and says the 37-year-old "will always be a valued member of the Detroit Pistons' family."
Owner Tom Gores says Billups has shown "leadership, dedication and excellence both on and off the court" and says he's confident Billups will have "a long and bright future" in the league after his playing days are over.
The Boston Celtics drafted Billups out of Colorado in 1997. He played for Detroit in 2002-2008 and again in 2013.
Billups also had stints with the Denver Nuggets, Orlando Magic, Toronto Raptors, Minnesota Timberwolves, New York Knicks and Los Angeles Clippers.