Deron Williams Traded to New Jersey Nets for Derrick Favors, Devin Harris, Picks

Liam CallahanContributor IFebruary 23, 2011

LOS ANGELES, CA - FEBRUARY 20:  Deron Williams #8 of the Utah Jazz and the Western Conference moves the ball in the 2011 NBA All-Star Game at Staples Center on February 20, 2011 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Jeff Gross/Getty Images)
Jeff Gross/Getty Images

The Nets missed out on Carmelo Anthony, but they have landed another All-Star in Deron Williams.

According to Yahoo! Sports' Adrian Wojnarowski, the Nets will send Devin Harris, Derrick Favors, two first-round draft picks and $3 million in cash to the Utah Jazz in exchange for Williams.

In a separate trade, the Nets will trade Troy Murphy to the Warriors for Brandan Wright and Dan Gadzuric.