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All-Star point guard Deron Williams is expected to join his hometown Dallas Mavericks on a two-year deal worth about $10 million, sources told ESPN's Marc Stein.
Williams will sign the deal after finalizing a buyout with the Brooklyn Nets, sources said.
NBA.com first reported Williams' buyout with the Nets.
The Nets' well-chronicled hope was to move out both Williams and fellow former cornerstone Joe Johnson before the start of next season. The Nets have been adamant since the end of the season that they did not want to release Williams via the "stretch provision," even though it would allow them to pay out his remaining salary over the next five years and reduce their luxury tax bill, as long as such a measure is executed before an Aug. 31 deadline.
But Brooklyn's attempts to trade Williams went nowhere, with a limited trade market seemingly getting thinner. The Sacramento Kings pondered trading for Williams last season, but it's believed the Kings are no longer interested after striking a one-year, $9.5 million deal in free agency with Rajon Rondo.
The Mavericks, sources said, did not pursue a trade for Williams because of the salary-cap space such a move would eat up.
The Mavs famously lost out to the Nets in a heated recruiting battle for the Dallas-area native in the summer of 2012, but Williams' stock as a Net has declined considerably since he agreed to that six-year, $99 million deal to stay with Brooklyn.
Dallas has a significant hole at point guard after its failed Rondo experiment, while sources say Williams is eager for a fresh start after four long seasons. Dallas emerged as his preferred destination, sources said, in part because he could reunite with new Mavs guard Wesley Matthews, his former Jazz teammate.
Williams averaged 13.0 points and 6.6 assists per game last season while shooting a career-worst 38.7 percent from the field.