Williams tweeted on Tuesday night, opting to stay with the Nets rather than sign with the Dallas Mavericks.
He also directly informed the Nets that he was accepting the team’s five-year, $100 million offer, league sources said. Under NBA rules, the Nets could offer Williams a fifth season worth about $25 million while the Mavericks’ offer was limited to four years, Yahoo! Sports reported.
With Williams staying with the Nets, the Mavericks will make an immediate bid to sign point guard Steve Nash, league sources said. The Mavs are also working to try to re-sign Jason Kidd.
Williams’ decision is a coup for the Nets, who have worked hard to line up a franchise star for their move to Brooklyn this upcoming season.
Williams’ commitment comes one day after the Nets acquired All-Star guard Joe Johnson in a blockbuster trade that sent guards Anthony Morrow, Jordan Farmar and DeShawn Stevenson and forwards Jordan Williams and Johan Petro to the Hawks.