So tweets Jonathan Giovany of DraftExpress:
Tracy McGrady has been signed by the Detroit Pistons to a one year minimum contract, a source close to the situation tells DraftExpress.
Details to follow.
Update: Dave Pemberton of the Oakland Press quotes Joe Dumars as denying a deal is done:
This from Joe Dumars: "We have not signed Tracy McGrady, discussing it, definitely haven't signed"