Deron Williams New Jersey Nets: Latest Trade Info and What This Means for Utah

Deron Williams New Jersey Nets Came Out of Nowhere, But What Does It Mean?

No one saw this coming.

Deron Williams, one of the best point guards in basketball, is heading to New Jersey in a blockbuster deal that involves Devin Harris and Derrick Favors.

Everyone is still reeling from this monster deal, and we're here to get quick reaction out. Inside you'll find the whole deal and what it means for Utah and New Jersey. What do you think about this deal?

Who are the winners and the losers? What does this mean for the Eastern Conference? Leave it all in the comments.

The Deal

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SALT LAKE CITY - MAY 10: Deron Williams #8 of the Utah Jazz in action against the Los Angeles Lakers during Game Four of the Western Conference Semifinals of the 2010 NBA Playoffs on May 10, 2010 at Energy Solutions Arena in Salt Lake City, Utah. NOTE TO

According to Adrian Wojnarowski of Yahoo Sports, the Utah Jazz have traded Deron Williams in a three-team deal that sends Williams to New Jersey, while Devin Harris and Derrick Favors will head to Utah, along with two first-round draft picks and $3 million.

Golden State will send Dan Gadzuric and Brendan Wright to New Jersey, while the Nets will send Troy Murphy to the Warriors in a move that will be made separately from the Williams deal.

I hope your mind is as blown as mine is right now.

What Does It Mean for New Jersey?

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ATLANTA - NOVEMBER 12: Deron Williams #8 of the Utah Jazz drives against Al Horford #15 of the Atlanta Hawks at Philips Arena on November 12, 2010 in Atlanta, Georgia. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or usin

This trade is a monster steal for the Nets.

There is no other way you can look at this deal. Devin Harris isn't a top point guard or even a prototypical player at the position. Derrick Favors hasn't lived up to his billing as of yet in New Jersey, and Deron Williams is one of the best point guards in the game.

Not only that, but New Jersey ran the price up for Carmelo Anthony and then turned around and landed Williams, a potential 2012 free-agent target for the Knicks, at a price that every team in the league would pay and pay happily.

Mikhail Prokhorov has just made James Dolan look bad on a day that should be one of celebration for New York. It is one heck of a move to say the least.

What Does It Mean for Utah?

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LOS ANGELES, CA - JANUARY 25: Andrei Kirilenko #47 of the Utah Jazz drives to the basket past Pau Gasol #16 of the Los Angeles Lakers in the first half at Staples Center on January 25, 2011 in Los Angeles, California. NOTE TO USER: User expressly acknowl

Okay, so what exactly is Utah thinking?

I'm dying to know, because in less than a month, Jerry Sloan steps down and then Deron Williams is traded and Utah is clearly rebuilding after this. Williams was the best player on the team and even then, Utah wasn't playing that well.

Neither of these players are going to make Utah a team that can compete in the Western Conference, and the Jazz look like a franchise that is in disarray. The Jazz better hope that Derrick Favors can live up to his potential and those draft picks become something worthwhile.

Otherwise, it could be a pretty rough couple of years in Utah.