Originally posted on Next Impulse Sports  |  Last updated 7/12/12

Williams will be a Brooklyn Net for the forseeable future. He has re-signed with the former New Jersey squad on a deal worth a reported $98 million over five years. There is an opt-out clause for the fourth year should anything (Dwight Howard) not go to plan.

Williams is currently in Las Vegas practicing with Team USA as the prepare for the 2012 London Olympics, but he broke the news via his Twitter account Tuesday night:

Officially a Brooklyn Net! Signed my contract on an iPad Just thank God for this wonderful Opportunity #HelloBrooklyn lockerz.com/s/223996151

— Deron Williams (@DeronWilliams) July 11, 2012

This is huge for the Nets, as of only a few weeks ago they feared they might lose their All-Star point guard to his hometown Dallas Mavericks:

“I actually thought that’s where I was going to go,” Williams said. “I had the meetings and it kind of changed my mind because once I got out of the meeting with Dallas and saw the way they were going and the team they were putting out there, and I saw that we just made a trade for Joe Johnson and I felt like that team for a longer time would be the better team.”

The Nets have also acquired prized shooting guard Joe Johnson and forward Gerald Wallace this offseason, and if all goes to plan, they should receive Dwight Howard from the Orlando Magic in a four-team blockbuster trade. Williams spoke on the current aura in New York:

“It’s one of the reasons I stayed. I felt like the buzz in Brooklyn is big,” said Williams, who lived in Manhattan during the season. “It’s a big move. The arena is going to be amazing. I’ve been over there several times to see it.

“I think we have a pretty good team this year and a chance to become better. A lot of our guys are underrated. … Brooklyn has wanted a sports franchise and now they have one again. New York is a basketball city.”

As of now, the Prokhorov experiment is coming together but they still need the biggest piece of the puzzle to make them legitimate contenders in the East.

via USA Today

Article found on: Cosby Sweaters

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