Deron Williams Announces He Will Re-Sign with Brooklyn Nets

Star point guard, and coveted free agent, Deron Williams has announced that he will be returning to the New Jersey Nets. Williams tweeted out this huge news.  

"

Made a very tough decision today.... lockerz.com/s/222071318

— Deron Williams (@DeronWilliams) July 3, 2012"

The picture is of the Brooklyn Nets logo.

CBS Sports' Ken Berger tweeted out the the details of the deal.

"

League source confirms Deron Williams and Nets have agreed on a five-year deal. Estimated value is $98.75 million.

— Ken Berger (@KBergCBS) July 3, 2012"

This news comes on the heels of the heavily reported trade that has the Hawks sending SG Joe Johnson to the Nets for a handful of expiring contracts. 

The Nets' roster is quickly beginning to take formidable shape, and there is a good chance they aren't done yet.