Pistons Re-Sign Cory Joseph

AUGUST 10: The Pistons have officially re-signed Joseph, according to NBA.com’s transactions log.

AUGUST 2: Just days after placing him on waivers, the Pistons have agreed to terms with point guard Cory Joseph on a new contract, according to Chris Haynes of Yahoo Sports.

Klutch Sports CEO Rich Paul tells Haynes that Joseph’s new deal with Detroit will be worth $10MM over two years. The deal includes a second-year player option, Haynes adds (via Twitter).

Joseph, who will turn 30 later this month, began last season with Sacramento and was sent to Detroit at the March trade deadline. He played very well with the Pistons down the stretch, averaging 12.0 PPG, 5.5 APG, and 3.2 RPG on .506/.368/.878 shooting in 19 games (26.4 MPG).

Joseph was under contract for 2021/22, but his $12.6MM salary was only partially guaranteed for $2.4MM. By waiving him and re-signing him to a new deal, the Pistons avoided guaranteeing that full $12.6MM and will get him back at a more affordable rate. He’ll serve as a veteran mentor for first overall pick Cade Cunningham.

The Pistons, who project to be a cap-space team this offseason, may end up signing Joseph with the room exception, since it will be worth right around $10MM over two years.

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