Report: Stan Van Gundy agrees to 5-year deal to be head coach, president of Pistons

Stan Van Gundy's teams made the playoffs every season he completed as a head coach. (Ron Hoskins/Getty Images) As expected, Stan Van Gundy has agreed to a

Stan Van Gundy's teams made the playoffs every season he completed as a head coach. (Ron Hoskins/Getty Images)

As expected, Stan Van Gundy has agreed to a five-year deal with the Pistons to be the team's head coach and president of basketball operations, sources told ESPN's Marc Stein. The deal is reportedly worth $35 million.

An official announcement will be made later this week, Stein reports.

Van Gundy, 54, has a .641 regular-season winning percentage with the Heat (2003-2006) and Magic (2007-12), leading Orlando to the 2009 Finals.

He's never had a losing season as a head coach and is 48-39 (.552) in the playoffs. The Pistons have had six straight losing seasons after six straight trips to the Eastern Conference finals, including winning the NBA title in 2004.

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ESPN sources say Pistons & Stan Van Gundy have reached agreement in principle to make SVG their new coach/president of basketball ops

— Marc Stein (@TheSteinLine) May 14, 2014

Pistons & SVG reach agreement in principle on five-year deal worth estimated $35 mil and are on course for official announcement this week

— Marc Stein (@TheSteinLine) May 14, 2014