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The Clippers had a need for Billups since Bledsoe is expected to be sidelined six to eight weeks while recovering from right knee surgery on Oct. 7.
"He has the ability to add a lot to our organization, on and off the court," coach Vinny Del Negro said about Billups. "He's not ready to retire. He has too much left in the tank."
The team matched a $42.7 million, four-year offer sheet from the Golden State Warriors for restricted free agent Jordan, something Olshey told him they would do once they used their cap space.
The 23-year-old center appeared in a career-high 80 games last season, averaging 7.1 points, 7.2 rebounds and 1.78 blocks while making 66 starts.
"He did a nice job for us last year. We're expecting big things from him," Del Negro said. "DeAndre brings a defensive presence for us, shot-blocking, he runs the court well, he's very young still, he's only going to get better."
Olshey said the team would now turn its attention to discussions on signing Gordon to a contract extension.
The Clippers signed Caron Butler to a $24 million, three-year deal Friday, giving them a boost at small forward.
"This is a better team that's on the floor now and in the future than what would have been put together had we had to convey the package that they had asked for," Olshey said about the Hornets' offer.
[Associated Press;
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