Pistons extend Prince’s contract

However, according to The Detroit Free Press, the extension is for five years and will pay Prince anywhere from $45-50 million.

"We are very pleased to have reached an agreement on a contract extension with Tayshaun Prince," team president Joe Dumars said. "He’s been a valuable member of our team both on and off the floor in each of his first three years, and I’m pleased that he will continue to wear a Pistons’ uniform through the 2010-11 season."

In three NBA seasons, all with Detroit, Prince has been a strong force on the frontcourt. He was a key contributor to the team that has reached consecutive NBA Finals, which included winning the 2003-04 championship.

Prince, 24, averaged a career-high 14.7 points, 5.3 rebounds and 3.0 assists while starting in all 82 games last season. The Kentucky product has posted career numbers of 10.6 points, 4.2 boards and 2.2 assists per contest.

Selected by the Pistons with the 23rd overall pick in the 2002 NBA Draft, Prince was named to the All-Defensive Second Team last year.