Jul 01, 2009 7:04 PM EST

The Pistons have reached a deal in principle with Ben Gordon, a source with knowledge of talks tells Adrian Wojnarowski.

The deal is believed to be worth $55 million over five years.

RealGM Note: Gordon was ranked 48th in season FIC during the 2008-09 season and 'deserved' a salary of $11.24 million. He played under the qualifying offer after being unable to reach an agreement with Chicago.

Via Yahoo!