Originally posted on Pro Sports Daily  |  Last updated 7/11/12

The NBA's moratorium on free agents was lifted at midnight, and the Brooklyn Nets public relations staff didn't waste any time sending out the most important press release in the team's young history.

Just over an hour past midnight (1:21 a.m.) on Wednesdsay, the Nets officially released the news that had been readily known for a few days, that All-Star guard Deron Williams had ended his free agency and agreed to a five-year, $98 million contract. Williams apparently signed his new deal in Las Vegas, where he's training with the United States Olympic team, on general manager Billy King's iPad. Ah, the wonders of modern technology.

Williams even revealed the story of his signing on his Twitter account, another sign of the times.

"Officially a Brooklyn Net! Signed my contract on an iPad. Just thank God for this wonderful opportunity," Williams wrote.

In the release, there was a more detailed comment from Williams.

"I am really excited to be able to officially say that Brooklyn is home," Williams said via the statement. "It is an incredible time to play in Brooklyn and to be a part of this organization, the first sports team to call Brooklyn home in over 50 years. I believe in the team and what we are going to be able to accomplish on the court, as well as in the community. My family and I have come to know New York and the more we do, the more we love it."

It was reported that Williams was sold on the Nets after King unloaded a bunch of players to Atlanta to receive All-Star guard Joe Johnson.

Williams was apparently excited to form an All-Star backcourt with the six-time All-Star and that was enough to get the deal done, not the pursuit of Dwight Howard, which ended when the Nets decided that a deal with the Orlando Magic could not be reached.

Needless to say, getting Williams' signature on the dotted line was the primary goal in the offseason and King achieved that goal.

"We are obviously thrilled that Deron will lead the Nets into our new home in Brooklyn," said King. "Deron is, in my opinion, the top point guard in the NBA. With his leadership and guidance on and off the court, the fans of Brooklyn should be proud."

Williams had his best season as an NBA player with the Nets last season, averaging 21.0 points (ninth in the league) and 8.7 assists (fifth in the league). He was the only NBA player to average 20 points and eight assists per contest. He also set a new franchise single-game scoring record when he tallied 57 points in a game against Charlotte March 4.

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