Tag: Deron Williams


Report: Deron Williams agrees to buyout with Nets, will sign two-year deal with Dallas


The Mavericks have their point guard.

The Brooklyn Nets are going to save some money.

Deron Williams has agreed to terms of a buyout with the Brooklyn Nets and will sign a new two-year deal with his hometown Dallas Mavericks, something first reported by David Aldridge of NBA.com and TNT.

The Brooklyn Nets and point guard Deron Williams, considered joined at the hip just three years ago in a marriage that announced Nets owner Mikhail Prokhorov’s determination to spend whatever it took to build a contending team quickly, divorced for good on Friday, with the team and Williams reaching agreement on a buyout of the remaining two years and $43 million on his contract.

The deal allows Williams, once he clears waivers, to sign a deal with his hometown Dallas Mavericks—the team he almost went to in free agency in 2012 before agreeing to stay in Brooklyn on a five-year, $98 million max deal.

Marc Stein and Mike Mazzeo of ESPN have the figures on the deals.

It’s win-win. Or at least about as close to win-win as things could happen considering how bad William’s contract was ($43 million left over two years). Williams gives up a little money but gets out of Brooklyn, which he wanted.

For the Nets, they save serious cash and this deal is believed to get them below the luxury tax line. That’s both smart business and really necessary if he is going to find a buyer for all or part of the team (as has been rumored for more than a year, although he has denied it).

For Dallas, they will be in the hunt for a playoff spot in the West now. They lost DeAndre Jordan but with a likely starting five of Dirk Nowitzki, Chandler Parsons, Wesley Matthews (once fully healthy after his Achilles surgery), Zaza Pachulia and now Williams, they can compete with Utah, Sacramento, the Lakers and other teams in the West that think they can jump into the playoff picture. (Oklahoma City will make that leap now that they are healthy.)

Report: Deron Williams talking buyout with Nets so he can join Mavericks

Atlanta Hawks v Brooklyn Nets- Game Four

The Nets wanted out from under the contracts of Joe Johnson and Deron Williams this summer, but D-Will was always going to be the harder to deal. Williams is set to make $43 million over the next two years, which is a lot of money for an erratic 13 points and 6.6 assists per game (his per-game averages last year).

So the Nets may just buy him out.

Then he would go home and sign with the Dallas Mavericks.

That according to Marc Stein at ESPN.

Former All-Star point guard Deron Williams is in talks with the Brooklyn Nets about securing his potential release this offseason to clear the way for Williams to sign with his hometown Dallas Mavericks, according to league sources….

A buyout, if Williams’ representatives and the Nets can come to terms, would be Brooklyn’s preference compared to outright waiving the 31-year-old. The Nets have been adamant since the end of the season that they do not want to simply release Williams via the stretch provision, even though it would allow them to pay out his remaining salary over the next five seasons and reduce their luxury-tax bill, as long as such a measure is executed before the Aug. 31 deadline….

Sources say the Mavericks, by contrast, are very motivated to sign Williams after being spurned in free agency by DeAndre Jordan, provided Williams can extricate himself from the Nets and get to the open market.

Nets GM Billy King previously said there was no chance the Nets would buy out Williams. Apparently he meant no chance until there was zero chance he could trade Williams. Just buying out Williams would still leave the Nets with a pretty hefty salary cap hit they are trying to avoid (they are close to the repeater tax)  so waiving and stretching out his contract (spreading the salary cap hit over five years at more like $8.6 million rather than $21 million this year) is certainly a possibility.

Back in 2012 Williams chose Brooklyn over Dallas when it was time to renew his deal. However, he grew up in Dallas, and as an added draw his former Jazz teammate Wesley Matthews is now a Maverick player. Dallas certainly needs a point guard, and Williams would be an upgrade over Devin Harris and J.J. Barea.

This makes some sense for both sides. The Nets get out from under some salary and can start to rebuild. The Mavericks can be a little better, more respectable and maybe a playoff team in the West (maybe, the West remains stacked).

It’s something to watch. Brooklyn will do what it takes to get out from under this contract.

Report: Cleveland Cavaliers considering trade for Joe Johnson

New York Knicks v Brooklyn Nets

Dan Gilbert is opening up the checkbook for the Cavaliers this 0ff-season. He maxed out Kevin Love, and once Tristan Thompson and LeBron James are re-signed (and they will be) the Cavaliers will have the highest payroll in the Association. And a healthy tax bill to boot.

But Gilbert may not be done spending.

The Cavaliers have had conversations with the Brooklyn Nets about Joe Johnson and his $24.9 million contract next year, reports Brian Windhorst of ESPN.

The Cleveland Cavaliers are considering trading for Brooklyn Nets star Joe Johnson with their Brendan Haywood contract chip, sources told ESPN.com

Haywood has a $10.5 million nonguaranteed contract if waived before Aug. 1, an asset that has gained value over the last several days as other teams use up their cap space. The Cavs have been looking for perimeter help, and Johnson would certainly provide a major boost as an additional scoring and shooting option.

Haywood’s deal alone would not be enough to balance the salaries and make the trade work (under the CBA guidelines), it would take about another $10 million — which is why Anderson Varejao’s name has come up. He is owed $9.6 million next year, which puts this deal in the ballpark. Varejao played in just 26 games last season due to an Achilles injury, but he averaged 9.8 points on 55.5 percent shooting, plus grabbed 6.5 rebounds a game before going down. He’s a solid NBA big man when healthy.

Windhorst suggests the Cavaliers interest in David West could be tied to losing Varejao.

Brooklyn is looking to trade both Johnson and Deron Williams this summer, they realize it’s time to blow up what they have, save money and rebuild. Johnson is the one that is far more likely to be traded. While he will make $24.9 million next season it is the last year of that deal. Plus he still provides value on the court, scoring 14.4 points a game and shooting 35.9 percent from three last season. He’s not one of the best shooting guards in the league like he was, but he can still help a team.

We’ll see if the Cavs are willing to go here, but they are talking.