The Detroit Pistons have traded guard Ben Gordon to the Charlotte Bobcats in their first significant trade in nearly three years. In return, the Pistons get forward Corey Maggette.

Along with Gordon, the Detroit News says the Pistons also had to give up a future first round draft pick, but one that is protected if the Pistons remain a lottery pick team.

The Pistons will also save about $15 million in cap room over the next two seasons. Gordon is owed $25 million over the next two seasons while Maggette will earn $10.3 million next season, which is the last year of his deal.

Maggette is 32 and has averaged 16.2 points during his career. He only played in 32 games this past season due to various injuries.