Sports Deron Williams receives final payday from Nets nearly 5 years after buyout

00:01  01 july  2020
00:01  01 july  2020 Source:   thescore.com

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Brooklyn Nets . Charlotte Hornets. Buyout , Deron Williams , Yogi Ferrell, Dallas Mavericks. Sources told ESPN that Deron Williams is thus expected to receive roughly . 5 million from the Mavericks upon his expected release and then draw interest from the Cleveland Cavaliers and Utah

The Nets have opened buyout talks with Deron Williams , and there's a strong chance he ends up with the Mavs. 5:22pm: It appears that Brooklyn will waive Williams using the stretch provision, and he will receive .5MM spread out over five years from the team, Mike Mazzeo of ESPN.com tweets.

Deron Williams holding a basketball © Anthony Gruppuso-USA TODAY Sports

The Brooklyn Nets have paid former star point guard Deron Williams roughly $5.5 million annually for the past five years for him to not play on the team.

However, Tuesday marks the final buyout payment in the agreement, according to NetsDaily's Anthony Puccio.

Williams signed a five-year, $98.8-million contract with the team in 2012. The then-28-year-old was coming off three consecutive All-Star appearances and the Nets were in the process of a highly anticipated relocation from New Jersey to Brooklyn.

But his scoring production fell in each of the first three seasons of his mega-deal; after averaging close to 20 points and 10 assists from 2009 to 2012, Williams' numbers dropped to 16 and seven from 2012 to 2015.

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Or, rather, as you see above, the 28-year-old point guard put finger to touch-screen, signing the deal on his iPad and tweeting a photo of the occasion, just as he'd shared his decision to stay with the Nets via Twitter on July 3. Plus, now that Williams is going to be making nearly nine figures over five years , he.

The Nets and Deron Williams have reached a buyout agreement, per source. Marc Stein says the buyout will be in - to million range. Two league sources tell NetsDaily the final number is . 5 million, meaning once D-WIll is stretched, the Nets will carry $ 5 . 5 million on the salary cap for the next

On July 11, 2015, the Nets used the stretch provision to get out from the final two years of Williams' contract, spreading his remaining $27.4 million in salary over a five-year span.

Williams would sign modest contracts with the Dallas Mavericks and Cleveland Cavaliers from 2015 to 2017, offsetting some of the Nets' buyout contributions. His final career appearance was Game 5 of the 2017 Finals, during which he played 12 minutes for the Cavaliers off the bench in a losing effort to the Golden State Warriors.

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