Nets waive Deron Williams, who's expected to join Mavericks

AP Basketball Writer

NEW YORK (AP) - The Brooklyn Nets have waived former All-Star Deron Williams, who is expected to sign with the Dallas Mavericks if no team claims him.

The team and Williams came to a buyout agreement Friday, and the Nets made the announcement Saturday. General manager Billy King thanked the point guard for "everything he gave the organization over the past 4 1/2 years."

Williams grew up in a Dallas suburb and nearly signed with the Mavericks three years ago. Two people with knowledge of the arrangement told The Associated Press on Friday that he will join them this time once he passes through waivers.

Williams averaged 13 points last season, the lowest since he was a rookie, and has struggled with injuries since signing a five-year, $98.5 million contract in 2012. He was still owed more than $43 million in the final two years. Waiving him could help the Nets, who had the highest payroll in NBA history two years ago, avoid paying the luxury tax in 2015-16.

AP Sports Writer Schuyler Dixon in Dallas contributed to this report.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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