From November 4, 2008:â†µ
In addition to acquiring Allen Iverson in a three-for-one trade with the Denver Nuggets, the Pistons agreed to a three-year extension with Richard Hamilton. [...]â†µ
The new contract is worth $34 million, with the first two years guaranteed.â†µ
The Pistons couldn't compete with Iverson instead of Chauncey Billups, and spent the cap space the trade provided on Charlie Villanueva and Ben Gordon. The Pistons have unsurprisingly picked in the top-8 of the draft in each of the past two seasons. The team can't find a taker for Hamilton.