The Detroit Pistons officially announced the signing of free agent guard Chauncey Billups on Tuesday.
The team did not disclose terms of the contract, but the deal is reported to be worth $5 million over two years.
"We are pleased to announce Chauncey Billups' return to the Pistons organization," Pistons general manager JOe Dumars said. "Chauncey played an integral part in the success of the franchise from 2002 to 2008. His playmaking ability and experience will provide depth in the backcourt while his leadership and commitment to winning will help our club."
In six seasons in Detroit, Billups helped lead the Pistons to the NBA title in 2004 and the Eastern Conference finals in 2004 and 2005, winning MVP honors in the NBA Finals.
The 36-year-old Billups has averaged 15.4 points, 2.9 rebounds, 5.5 assists, 1.0 steals and 31.9 minutes in 1,024 NBA games with the Los Angeles Clippers, New York Knicks, Denver Nuggets, Minnesota Timberwolves, Orlando Magic, Toronto Raptors, Boston Celtics and Pistons.
The 15-year veteran and five-time NBA All-Star ranks fourth in league history for 3-pointers made (1,816) and is the seventh active NBA player to reach 5,000 assists.