Reggie Jackson agrees to $80 million contract to re-sign with Pistons

Restricted free-agent guard Reggie Jackson has reached agreement on a five-year, $80 million extension with the Detroit Pistons.

Pistons president and coach Stan Van Gundy wanted to fully commit to Jackson as one of the franchise's cornerstones and will do so with a substantial investment of $16 million per season. There is no player option in the contract, league sources said.