Deron Williams, Nets Reach Buyout Agreement

The Brooklyn Nets and PG Deron Williams have reached a buyout agreement according to David Aldridge of TNT.

The exact terms of the buyout have not been reached, but the deal was rumored to be a $30 million buyout and would use the stretch provision. By using the stretch provision, the Nets will spread Williams’ cap hit over the next five years, making it only $6 million. With this move the Nets gain much more financial flexibility in the future.

Williams is expected to sign with the Dallas Mavericks on a two-year deal worth $10 million according to Marc Stein of ESPN.

The move signals the end of an era for the Nets. Williams has been with the organization for five years.


One thought on “Deron Williams, Nets Reach Buyout Agreement”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s