True true, I'm not sure why everyone is so keen to dump Billups though.
He's easily got 4 years left in the tank playing at a level similar to Steve Nash if you ask me. Obviously his contract is the main kicker...
But consider this, the Knicks are looking to tie him up to a deal this year (before the new CBA?), and considering his age, the amount of good PG's in the league right now etc, I would expect him to take a reasonable pay cut to continue playing here.
If we can tie up Billups on a deal similar to Feltons, we would keep close to 15 million of cap flexibility AND have an ice-cold, big-shot PG. Range, passing ability, clutch... I can go on and on (and don't really need to, everyone knows Billups has quality in bounds).
I really think if we can keep hold of Billups on a 4 year deal that doesn't rape our cap then we should do it.