Source: Hamilton's new Pistons contract worth $34M

Updated: November 4, 2008, 10:38 PM ET
ESPN.com news services

The Detroit Pistons didn't stop at making over their backcourt Monday.

In addition to acquiring Allen Iverson in a three-for-one trade with the Denver Nuggets, the Pistons agreed to a three-year extension with Richard Hamilton, a team source told ESPN.com's Chad Ford.

The new contract is worth $34 million, with the first two years guaranteed. The third year is only a partial guarantee, the source told Ford.

Hamilton, who led Detroit with 19 points Monday night in the Pistons' ...

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