DETROIT -- Richard Hamilton agreed to a seven-year, $62 million deal with the Detroit Pistons on Thursday, a source within the league told The Associated Press on condition of anonymity.

Hamilton led Detroit with a 19.7-point scoring average during the regular season, also averaging 3.9 rebounds and 2.5 assists.

He averaged 22.5 points during the team's postseason run to the Eastern Conference finals.

The Pistons acquired the 6-foot-7 guard from the Washington Wizards for Jerry Stackhouse in a six-player trade before last season.

Hamilton has averaged 16.7 points in four NBA seasons.

The Pistons made reaching a deal with Hamilton, 25, a priority after he was their only consistent scorer during the playoffs.

The club announced Thursday that it reached agreement with Hamilton on a new contract but didn't release the terms.

"Rip had a great season for us last year and we believe he is one of the top young shooting guards in the league. We look forward to the stability he will provide us at the two-guard position," said Joe Dumars, Detroit's president of basketball operations.

Hamilton developed into a key part of a young NBA team that figures to get better.

He joins Chauncey Billups and All-Star Ben Wallace as the team's core players, while Tayshaun Prince and Mehmet Okur had promising rookie seasons.

And the team picked center Darko Milicic with the second overall pick in last month's draft.

Information from The Associated Press was used in this report.