The Brooklyn Nets bought out the remaining two seasons on Deron Williams contract (2 years $44 million). The team bought it out for $27.5 million and will pay it out for $5.5 million over the next 5 years.
The Dallas Mavericks signed Deron Williams to a 2 year $10 million contract.
This is a great move by the Nets. They save a ton of money over the next two years and will go in to free agency next summer with about $40 million to spend. It looked like the Nets would have to wait for Joe Johnson’s contract to come off this year and Williams’ to come off next year before they could start re-loading their team around newly signed Brook Lopez and Thaddeus Young, but this move speeds up that process. With both contracts coming off the books this summer, the team can spend big in free agency. The loss of Williams doesn’t hurt a Nets team who wasn’t going to compete this year anyways.
This is a low-risk, high-reward move by the Dallas Mavericks. With Wesley Matthews already signed, and Dirk Nowitzki heading in to the last few years of his career, you can’t fault Mavericks’ owner Mark Cuban for going for it one more time. He doesn’t want to completely blow a team up that competed last season and start a rebuilding process.