The addition of Billups might placate Nuggets fans who have watched the once free-spending franchise trade defensive standout Marcus Camby to the Los Angeles Clippers in the offseason and recently decline to extend Linas Kleiza's contract.

Billups is a Denver native, former Colorado star and former Nugget.

"We fortunately fall into a guy that's an All-Star caliber point guard," Denver coach George Karl said, after saying he was sad to see Iverson go. "The connection with Denver and Colorado is fun to be a part of and enthusiastic to our owners."

McDyess also will be enjoying a homecoming of sorts, landing on the Nuggets' roster for the third time.

The Pistons kept McDyess off the free-agent market last summer by giving him a $13.5 million, two-year extension, and they would love to have him back if the cost-cutting Nuggets buy out his contract.

"I'll be talking with Antonio and his representative directly," Nuggets executive Mark Warkentien said. "But we think he's a heck of a player and know he's a quality guy. One step at a time."

Detroit, which tried to deal for the 33-year-old Iverson at least once before, added the superstar it lacked and salary-cap space for next summer by shedding Billups' contract.

"In this league, six or seven years is an eternity to have a core together," Dumars said. "So when a situation like this presents itself where you can cover yourself on both sides — the immediate impact player and the long-term flexibility, you have to push the button."

Billups is in the second season of a four-year contract worth a guaranteed $46 million with a $14 million team option for a fifth year.

Iverson will take a spectacular resume into free agency in the summer.

The 20th-leading scorer in NBA history was the league MVP in 2001 — four years after being the Rookie of the Year — and is a nine-time All-Star.

Philadelphia drafted him No. 1 overall in 1996 out of Georgetown and he spent 11 1/2 seasons with the franchise. He was traded Dec. 19, 2006, to the Nuggets and helped them reach the playoffs twice.

"I want to thank A.I. Allen Iverson was a joy to coach," Karl said. "When we acquired him, there were all these nightmares and stories about how difficult he was, and he never was difficult for me."

Billups bounced around the league after Boston drafted him No. 3 overall in 1997. The 32-year-old found a home in Detroit and blossomed into a three-time All-Star, and two-time All-Defensive player. He was on rosters in Boston, Denver, Orlando and Minnesota in his first four seasons before leading the Pistons along with Richard Hamilton, Tayshaun Prince and Rasheed Wallace.