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Chauncey Billups announced Tuesday that he will retire after 17 NBA seasons, Yahoo! Sports' Marc J. Spears reports.

Billups announced Tuesday that he will retire after 17 NBA seasons, Yahoo! Sports' Marc J. Spears reports.

Analysis:

The Pistons declined the second and final year of a contract option that would have paid him $2.5 million next season, leaving the veteran with a presumably quiet market. Billups is best known for his time with the Detroit Pistons, during which he won the 2004 NBA Finals Most Valuable Player award, and earned the nickname, "Mr. Big Shot." If he chooses, he'll likely be afforded opportunities in either coaching or broadcasting, but his days as a fantasy commodity are officially over.

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