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Sources: Portland Trail Blazers reach agreement on 5-year deal to hire Chauncey Billups as coach

The Portland Trail Blazers reached an agreement on a five-year deal to hire LA Clippers assistant Chauncey Billups as the franchise's new coach on Sunday, sources told ESPN.

Billups, 44, will be introduced at a Tuesday news conference in Portland.

The deal includes a team option on the fifth season, sources said.

Blazers president of basketball operations Neil Olshey and Billups' agent, Andy Miller of Klutch Sports, finalized the contract terms on Sunday, sources said. The Blazers offered Billups the job on Friday night, and the sides had been progressing on a deal to replace former coach Terry Stotts over the weekend.