Deron Williams to Sign $100M deal With Nets, Dwight Trade Talks Emerge

Added by Deshawn Jelani on July 4, 2012.

Deron Williams announced via Twitter that he will resign with the Nets.

All-star point guard Deron Williams decided to resign with the Brooklyn Nets Tuesday evening.  Williams is set to sign a 5-year $100 million contract with the Brooklyn Nets, according to sources close to the situation.

Williams chose the Nets over Dallas, his hometown, who could only offer him a four year contract worth 75 million.  In addition, guard Jason Terry, who was an important piece in Dallas’ championship run in 2011, agreed on a deal to go to the Boston Celtics.  The Mavericks backcourt along with their championship title pursuit next year regressed, and Williams likely felt the team did not have as good of a chance to compete for a title.

Meanwhile, the Nets seem to still be in the Dwight Howard sweepstakes as well, as talks between the Orlando Magic and the New Jersey Nets have seemed to blossom.

Previously, it was thought that the Magic was unwilling to fulfill Howard’s wish and trade him to the Nets.  According to Yahoo! Sports, Howard stated, “there’s only one team on my list and if I don’t get traded there, I’ll play the season out and explore my free agency after that.”

But as of Monday, it seems a trade is possible and the Magic may be willing to entertain it.  The trade would send Kris Humphries, Brook Lopez, MarShon Brooks and the Nets’ first-round draft picks in 2013, 2015, and 2017, to the Magic in exchange for Howard.  Sign-and-trade deals would be made for both Humphries and Lopez.  A third team however is needed to facilitate the trade and making it work from a financial standpoint will be a challenge as well.

The Nets have made other moves since the signing period as well.  Gerald Wallace will be renewing his contract and Joe Johnson will be acquired through trade.  Additionally, Nets acquire Reggie Evans from the Los Angeles Clippers and sign Mirza Teletovic, the Bosnian forward.

With this roster, the team will undeniably have a championship contender this year and in the future.