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Chauncey Billups agrees to five-year deal with jackets

Chauncey Billups has agreed a five-year deal to become the next head coach of the Portland Trail Blazers.

The agreement includes a team option in the fifth year.

According to sources, the Blazers spent much of their time investigating a 1997 alleged sexual assault incident involving Billups.

Billups’ talks with Blazers officials join independent investigations, and the team found nothing that could disqualify Billups.

President of basketball operations Neil Olshey has long regarded Billups as one of the best leaders he has ever encountered in the league. Their relationship, along with the approval of Damian Lillard, helped Billups pick the Blazers over other opportunities.

The Blazers plan to surround Billups with an experienced assistant staff.

A news conference to introduce Billups is scheduled for Tuesday.

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