Rodman, who wore No. 10 for the Pistons, played his first seven NBA seasons with Detroit and twice was selected NBA Defensive Player of the Year. The Pistons won back-to-back NBA titles with Rodman on the team.
In 549 games with Detroit, Rodman averaged 8.8 points and 11.5 rebounds a game. He holds team records for rebounds in a game (34), offensive rebounds in a game (18), defensive rebounds in a game (22) and most games with at least 25 rebounds (15).
"I'm pleased that we are honoring Dennis for his accomplishments as a player and his contributions to the success of the organization," said Joe Dumars, Pistons president of basketball operations. "His jersey retirement is well-deserved."
Rodman is to be honored at the Pistons' April 1 game against Chicago.
Rodman also played for San Antonio, Chicago, the Los Angeles Lakers and Dallas in a 14-season NBA career. The Bulls won the NBA title each of the three seasons Rodman played on the team.