Rasheed remains in Motor City

"I’m definitely glad to be coming back here," said Wallace. "It’s good. It’s definitely great to be back."

Wallace was the team’s starting forward in 21 of the 22 games he participated in for Detroit last season. Wallace played 45 contests for the Portland Trail Blazers before being dealt to the Atlanta Hawks. His stay in Atlanta was brief, as he played just one game before being acquired by the Pistons in a three-team trade.

"We are pleased to have reached an agreement with Rasheed Wallace," said Pistons president of basketball operations Joe Dumars. "Rasheed played a key role for us during the title run and keeping him here in Detroit was at the top of our offseason priority list. His talent and unselfishness on the court will continue to pay dividends for our team as we move forward."

Wallace averaged 16.0 points and 7.8 rebounds in 68 total games last season.

The Philadelphia native will be one of five returning starters for the Pistons. He will be backed up by Antonio McDyess, who was signed to replace Mehmet Okur.