Pistons Set to Re-Sign Wallace

The NBA champion Detroit Pistons will re-sign free-agent power forward Rasheed Wallace today to a five- or six-year deal worth as much as $64 million, according to the Detroit Free Press.

Wallace, who turns 30 in September, was a key figure in the Pistons’ title run after the team acquired him Feb. 19 from the Atlanta Hawks.

Free-agent signings began Tuesday at 9:01 p.m. PDT.

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Point guard Troy Hudson and the Minnesota Timberwolves agreed to a multiyear contract, his agent said.

Hudson was Minnesota’s top free-agent priority, even though a severely sprained ankle limited him to 29 games last season and kept him out of the playoffs. The deal is believed to be guaranteed for five years and worth up to $37 million over six years if Hudson plays in enough games.

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Free-agent center Michael Doleac and the Miami Heat agreed to a four-year deal worth nearly $12 million, his agent said.

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Golden State Warrior owner Chris Cohan, one of only six NBA owners with no partners, announced an agreement to sell 20% of the franchise to a group of Bay Area investors.