Brooklyn Nets general manager Billy King said Wednesday that the team has no plans of either buying out the contract of point guard Deron Williams or waiving him using the stretch provision, according to ESPN New York’s Mike Mazzeo.
Williams’s contract has become an albatross at this point, and he’s owed over $43 million over the next two seasons. (The second year includes an early termination option, but he likely won’t exercise that.) The Nets could waive him using the stretch provision and have the cap hit spread out over five years, but that doesn’t appear to be a road King wants to go down.
Williams, once one of the elite point guards in the NBA, has seen injuries slow him down over the past few seasons. After averaging just 14.3 points and 6.1 assists in 64 games last year, he averaged 13.0 points and 6.6 assists in 68 games this season, all the while shooting just 38.7 percent from the field. He had one huge playoff game where he scored 35 points, but he made little impact during the rest of the first-round series loss against the Atlanta Hawks.
The Nets would surely like to move Williams, but they likely wouldn’t get much value in return and would probably have to attach an asset to the deal to make it worth it for the other team.