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Trail Blazers sign Chauncey Billups to multiyear extension

The Portland Trail Blazers have signed coach Chauncey Billups to a multiyear contract extension, general manager Joe Cronin announced Sunday.

Trail Blazers officials negotiated a new deal with Billups' representation, Andy Miller of Klutch Sports, as the coach was finishing his fourth season and the final guaranteed year on his contract Sunday.

The Trail Blazers also reached a multiyear extension with Cronin on Monday to fortify their leadership structure. Cronin and Billups have spoken publicly about their friendship spanning decades, making for a cohesive GM-coach relationship.

"Chauncey Billups is a great leader, motivator and communicator that has worked tirelessly to establish an identity for this team that has taken shape over his time in Portland," Cronin said in a statement.