Deron Williams will not sign a contract extension with the New Jersey Nets and will play the year out with the intention of becoming a free-agent, according to Al Iannazzone of The Record.
“Deron will not be signing the extension,” Jeff Schwartz, Williams’ agent told The Record this afternoon. “Based on the new rules it doesn’t make any sense for him to sign the extension. It has nothing to do with how much he likes New Jersey. Because of the rules, he’s going to play the season out and opt out of his deal.”
Williams was acquired by the Nets in a trade with Utah Jazz last February. The 27-year-old appeared in 12 games for the Nets and averaged 15 points per game before suffering a wrist injury that required season-ending surgery. During the lockout, Williams signed with Turkish Basketball League Besiktas; the contract allowed Williams to return to the NBA when the labor dispute ended. The former first round pick has played in 451 career games and has averaged 17.2 points, 9.2 assists and 3.2 rebounds per game.