The Detroit Pistons, Olympia Entertainment and the city of Detroit's Downtown Development Authority have come to a memorandum of understanding to move the team downtown to the new Little Caesars Aren.

Here are terms of the agreement, obtained Tuesday afternoon by MLive:

* The Pistons will play all home games at the 20,000-seat Little Ceasars Arena starting with the 2017-18 season.

* The team and Palace Sports & Entertainment will move its business operations, corporate headquarters, team practice and training facilities into a new practice facility, to be built north of the arena at a cost between $32 and $55 million.

* Detroit's DDA has agreed to contribute $34.5 million in additional bond proceeds through refinancing to be used for redesign and construction to modify Little Caesars Arena from a hockey facility to jointly house an NHL and NBA team.

* No city of Detroit general fund dollars will be spent on the arena project, and any additional costs or cost overruns will be paid entirely by the Pistons, the Red Wings and associated companies.

* The Pistons are responsible for all costs relating to the development, construction, operation and maintenance of the practice facility.

* The location of the team's practice facility may be owned by the DDA, subjection to a concession agreement with the Pistons.

* The Pistons have agreed to a 10-point community benefits plan, including investing $2.5 million over six years for the construction, renovation and refurbishment of more than 60 basketball courts in Detroit, the employment of at least 51 percent of Detroit residents on the construction of the practice facility and provide 20,000 free tickets a year to Detroit youth and area residents.