Billups returned to the Nuggets after a Monday trade that sent Allen Iverson to Detroit. Billups will make his homecoming debut Friday night when Denver hosts Dallas (8:30 p.m., ESPN).
"I am extremely happy to be home. It's a dream," Billups said in a news conference. "It's a dream to me to be coming back home at a time of my career where I'm established."
Billups, 32, played at George Washington High in Denver before starring at Colorado. He was drafted third overall by the Boston Celtics and spent time with the Toronto Raptors, Minnesota Timberwolves and Nuggets before landing with the Detroit Pistons.
The 6-foot-3 guard won the 2004 NBA Finals MVP in leading the Pistons to a title. Billups averaged 16.9 points and 6.3 assists in Detroit.
"The time I was here before I was still trying to find myself and my career," Billups said. "It's a little different now. I've done that. I'm a different player now. Same person, different player."