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.

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