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The Knicks will have no flexibility to improve. They've got 55,297,705 wrapped up in just four players. The Knicks were put in a tough spot with the deal though, you pick up Billups option and you don't have much cap left, and if you don't your team isn't nearly as good.The New York Knicks have picked up the $14.2 million option on point guard Chauncey Billups, ensuring that he will be with the team for the 2011-12 season, a league source told ESPN.com's Chris Sheridan on Wednesday.