Deron Williams joins hometown Mavs on 2-year, $10M contract

FILE - In this Nov. 9, 2014, file photo, Brooklyn Nets' Deron Williams (8) drives against Orlando Magic's Elfrid Payton during an NBA basketball game in New York. Two people with knowledge of the arrangement tell The Associated Press that Williams is set to join the Dallas Mavericks if the point guard clears waivers after reaching a buyout with the Nets. Williams will sign with the Mavericks once he clears waivers Monday, the people said Friday on condition of anonymity because the deal can't become official until Williams clears waivers. (AP Photo/Jason DeCrow, File) FILE - In this Nov. 9, 2014, file photo, Brooklyn Nets' Deron Williams (8) drives against Orlando Magic's Elfrid Payton during an NBA basketball game in New York. Two people with knowledge of the arrangement tell The Associated Press that Williams is set to join the Dallas Mavericks if the point guard clears waivers after reaching a buyout with the Nets. Williams will sign with the Mavericks once he clears waivers Monday, the people said Friday on condition of anonymity because the deal can't become official until Williams clears waivers. (AP Photo/Jason DeCrow, File)

By Associated Press July 14, 2015 1 min read

DALLAS (AP) – Deron Williams has joined his hometown Mavericks after Brooklyn bought out the contract the point guard signed when he spurned Dallas to stay with the Nets three years ago.

Williams, who grew up in the Dallas suburb of The Colony, signed a two-year, $10 million deal Tuesday. He has a player option in the second year.

Dallas had a deal with Williams on Friday and had to wait for him to clear waivers. It was a boost for the Mavericks soon after free agent center DeAndre Jordan reneged on a deal to sign with them.

The Nets bought out the 31-year-old Williams to lower their payroll. They owed him $43 million in the final two years of the contract.