By declining the New Jersey Nets' max contract extension offer, Deron Williams is eligible for an additional $30 million in guaranteed salary, provided he signs with the Nets as an unrestricted free agent in 2012.
NetsDaily has done the math. Under the new collective bargaining agreement -- which still hasn't been set in stone -- the Nets can currently offer Williams a two-year extension on his existing contract, which would pay out $39 million over 2013-14 and 2014-15. He's owed $31 million over 2011-12 and 2012-13, provided he would pick up the player option required to extend at this point.
If he instead waits for free agency, he can sign a $100 million contract for five seasons.
Williams could also, of course, choose another team in free agency, or request that the Nets trade him by the deadline. His situation remains completely fluid, and there's a good amount of pressure on Nets GM Billy King to add some firepower to the team before opening night to keep Williams from thinking the team is stuck in lose mode.