DETROIT (AP) — The Detroit Pistons kept one All-Star guard under contract for years to come on the same day they sent one packing.

Richard Hamilton and the Pistons have agreed to a three-year contract extension worth about $34 million, a basketball official told The Associated Press on Monday night.

The official, who spoke on the condition of anonymity because the deal had not been announced, said two years of the contract are guaranteed and the third is partially guaranteed.

Detroit dealt All-Star Chauncey Billups, key reserve Antonio McDyess and project Cheikh Samb to the Denver Nuggets for 2001 NBA MVP Allen Iverson earlier in the day.

Hamilton's current $62 million, seven-year contract was signed five years ago.