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Deron Williams Agrees To 5-Year, $98.8 Million Deal With Nets

The Deron Williams sweepstakes has come to an end, as the highly coveted point guard has chosen to remain with the Nets as they move from New Jersey to Brooklyn.

Williams took to his personal Twitter account on Tuesday evening to break the news himself, posting a picture of the new Brooklyn Nets logo. Adrian Wojnarowski of Yahoo! Sports later reported that Williams has reached an agreement with the Nets for five years and nearly $100 million. (Ken Berger of CBS Sports puts the exact number at "approximately $98.75 million," while ESPN.com salary cap guru Larry Coon says the final figure "should be $98,772,321.")

Wojnarowski also reported that the Nets are working on retaining the services of power forward Kris Humphries.

Marc Stein of ESPN reported that Williams chose the Nets deal over a four-year, $75 million offer from his other suitor, the Dallas Mavericks. The collective bargaining agreement prevented the Mavericks from offering a fifth year.

The deal is a huge coup for the Nets, as they are hoping to make a big splash in their first season in Brooklyn. The Mavericks have now lost out on Williams and lost Jason Terry to the Boston Celtics on the same day, and will need to go back to the drawing board.

For more on Williams and the Nets, check in with NetsDaily and SB Nation New York.