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Report: Pistons reach deal with Ben Gordon

From Y!'s Adrian Wojnarowski:

The Detroit Pistons have reached agreement with free-agent guard Ben Gordon(notes) on a five-year contract worth around $55 million, a source with knowledge of the talks told Yahoo! Sports Wednesday evening.

Chris McCosky confirms:

"I am waiting for a final confirmation (he can't sign until July 8 ) but sources close to the negotiations tell me it's done."