The move fills a need for the Pistons, who used a series of moves to create cap space last weekend, including trading center Mason Plumlee, who they signed last offseason.
Olynyk is also a career 36.7% 3-point shooter, which should help a Pistons roster that was below-average in 3-point volume and accuracy last season. The eight-year vet spent time with both the Miami Heat and Houston Rockets this past season after a trade on March 25 involving Avery Bradley and Victor Oladipo. Before that, he earned All-Rookie honors with the Boston Celtics in 2013-14.
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