The Detroit Pistons have made their first moves of the 2009 free agency period, agreeing to terms with Ben Gordon and Charlie Villanueva. Deals can’t be officially announced until July 8, however.

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Gordon will receive a five-year deal for between $55 million and $60 million, while Villanueva will get a five-year deal worth roughly $40 million. Gordon rejected deals from Chicago that would have paid him in excess of $50 million each of the last two seasons.

Will Gordon coming aboard, there’s speculation that Rip Hamilton could be moved before next February’s trade deadline. While he’s still an efficient scorer, Hamilton is getting older and the Pistons might want to move onto a lineup which features Gordon, Villanueva, Rodney Stuckey and Tayshaun Prince.

The Pistons opened with 10/1 odds to win the 2010 NBA Championship according to oddsmakers from online sports book Sports Interaction. But those odds could certainly change now that Gordon and Villanueva have agreed to terms.

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Posted: 11:15AM ET

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