Orlando, Fla. — The Pistons and restricted free agent point guard Reggie Jackson agreed on a five-year, $80 million deal Sunday night, a team source said.
The deal was first reported by Yahoo Sports.
Final negotiations were hammered out by Pistons president Stan Van Gundy, general manager Jeff Bower and Jackson's agent, Aaron Mintz. Van Gundy was in town to watch his summer league team play in the Orlando Summer League. Jackson attended Pistons games Saturday and Sunday afternoon.
Teams cannot sign free agents until Thursday.
Van Gundy said Saturday the team planned on talking to Jackson soon and he was certain a deal would get done. When asked whether Jackson being at games was a good sign he replied: "It shows that he wants to here."
Another good sign for the Pistons was that Jackson was not in negotiations with any other team.
Jackson, 24, was traded to the Pistons from Oklahoma City just before the February trade deadline.
Jackson averaged 17.6 points, 9.2 assists and 4.7 rebounds and shot 43.6 percent from the field in 27 games with the Pistons.
Jackson has said he's hopeful of following in the footsteps of Isiah Thomas and Chauncey Billups as point guards that led the Pistons to NBA titles.