JULY 20TH 4:57pm: The deal is official, the team announced in a press release.
JULY 5TH, 8:57pm: The Pistons will re-sign restricted free agent guard Reggie Jackson to a five-year, $80MM deal, according to Adrian Wojnarowski of Yahoo Sports (Twitter link). ESPN’s Chris Broussard tweets that the deal does not include any options.
The guard was at the Pistons’ summer league opener on Saturday and that turned out to be a good sign, as coach/executive Stan Van Gundy suspected it would be. Van Gundy and GM Jeff Bower negotiated the deal with Jackson’s agent, Aaron Mintz of CAA, over the past 48 hours at the Orlando summer league, reports Wojnarowski in a full story. Jackson hadn’t pursued offer sheets on the market this summer, Wojnarowski adds. The deal also means the Pistons are confident that they can play Jackson and Brandon Jennings together next season, both on and off the ball, NBA.com’s David Aldridge tweets.
In our Free Agent Stock Watch Series, Dana Gauruder wrote about how Jackson emerged as one of the league’s top free agent targets after he was traded from the Thunder to the Pistons, who immediately installed him as their starting point guard. Jackson turned down an offer worth more than $12MM a year in extension talks with the Thunder last year because he wanted out of Oklahoma City and he wanted to be a starter. With his new deal, Jackson is looked at as a cornerstone for the Pistons.