July 29: The Pistons have officially announced their two-way deal with Jones, confirming the signing in a press release (Twitter link ). Jones and Tolu Smith are now on two-way contracts with the Pistons, who still have a two-way qualifying offer on the table for Daniss Jenkins too.
July 23: Free agent shooting guard Colby Jones will sign a two-way contract with the Pistons, sources tell Shams Charania of ESPN (Twitter link ).
Jones, 23, had a strong finish to last season in Washington after being acquired from Sacramento in a three-team trade at the deadline. In 15 games with the Wizards, he averaged 8.7 points, 4.3 rebounds and 2.5 assists in 25.7 minutes per night while posting .466/.308/.657 shooting numbers.
Jones was traded to Oklahoma City last month, but the Thunder immediately waived his non-guaranteed $2.22MM contract for the upcoming season.
Jones began his career with the Kings after being selected with the 34th pick in the 2023 draft. This will be his first time on a two-way contract.
The Pistons have a two-way opening, so no corresponding roster move will be required before Jones can be signed.