Deron Williams Officially Signs 5-Year, $98M Deal; Nets ‘Thrilled’

July 11, 2012 12:00 AM

Deron Williams Officially Signs 5-Year, $98M Deal; Nets ‘Thrilled’
" NEW YORK (WFAN/AP) – Deron Williams just hit the jackpot in Las Vegas.

Free agents in the NBA could finally sign contracts starting at 12:01 a.m. EDT Wednesday, and the Brooklyn Nets wasted no time getting their All-Star point guard to put pen to paper — well, iPad actually — on a new deal worth $98 million over five years.

The Nets came to Williams at his hotel in Las Vegas, where he is training with the U.S. Olympic team. He posted a picture of himself signing the contract on his Twitter page.

“Officially a Brooklyn Net! Signed my contract on an iPad,” Williams tweeted. “Just thank God for this wonderful Opportunity ?#HelloBrooklyn.”

LISTEN: Nets coach Avery Johnson with WFAN’s Marc Malusis and Kim Jones

Free agency opened July 1, and while players and teams could negotiate, deals couldn’t be signed until next season’s salary cap was set and the moratorium had been lifted. The league set the cap Tuesday night at $58 million and the luxury tax level at $70.3 million, both unchanged from last season "

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