Deron Williams agrees to buyout with Nets, will sign two-year deal with Dallas

All-Star point guard Deron Williams has agreed to join his hometown Dallas Mavericks upon clearing waivers, sources told ESPN's Marc Stein. Sources say Williams will sign a two-year contract worth about $10 million.

The negotiations come in advance of Williams clearing waivers after he swiftly secured a buyout with the Brooklyn Nets, sources said. Williams would clear waivers 48 hours after his official release by the Nets.

Sources say the Nets will buy out the remaining $43 million on Williams' contract for $27.5 million, with payments to Williams spread over the next five seasons.