Deron Williams is staying with the Nets.
The All-Star point guard posted on his Twitter Tuesday that he "made a very tough decision today" and posted a picture of the new team logo that accompanies the Nets' move from New Jersey to Brooklyn.
A person with knowledge of the decision said Williams told the team he was accepting their five-year, $98 million contract.
Williams, the top free agent available, chose to stay with the Nets over signing with his hometown team, the Dallas Mavericks.
It's a huge triumph for the Nets as they prepare to move into the new Barclays Center. They gave up an enormous package to get Williams in a February 2011 trade, sending forward Derrick Favors, point guard Devin Harris, two first-round draft picks and cash to the Utah Jazz.
Williams wanted to make a quick decision before he reports to training camp in Las Vegas with the U.S. men's basketball team Thursday. He met with both teams Monday, and made his Twitter posting at about 7 p.m.
Williams' decision comes a day after the Nets agreed to a deal with Atlanta for All-Star guard Joe Johnson, and amid reports they are still hoping to make a deal with Orlando for Dwight Howard. Just two years after a 70-loss season, the Nets will have one of the NBA's best backcourts.
Miami will get to make their sales pitch to Ray Allen. A source told AP that the free-agent shooting guard will visit with Heat officials Thursday. Allen is scheduled to visit the Los Angeles Clippers Friday.
Allen is one of Miami's top offseason targets. LeBron James tweeted last week that he hopes to play alongside him next season. Miami can offer Allen the mini mid-level exception worth just more than $3 million for next season, or roughly half what Boston is willing to pay.
Indiana and point guard George Hill have agreed to a new deal. Hill's co-agent, Michael Whitaker, said that Hill, a 26-year-old restricted free agent, will sign once the NBA's moratorium period ends on July 11. He did not disclose terms.
The Pacers are still trying to reach a deal with free agent center Roy Hibbert.
Brandon Roy wants to make a comeback, and Cleveland may give him a chance to do it with them. The Cavaliers are interested in the former Portland star, who abruptly retired before last season because of chronic knee pain.
The sides are only in preliminary discussions. Golden State Warriors have also met with Roy to discuss a possible future with the team.
In other Cavaliers news, free-agent center Semih Erden has signed a two-year contract to play in his native Turkey. Director of player personnel Wes Wilcox has left the team to become Atlanta's assistant general manager under Danny Ferry, who took over as the Hawks' GM last week.
Knicks guard Landry Fields could be on his way out of New York after agreeing to sign an offer sheet with the Toronto Raptors. The Octagon agency confirmed the three-year, about $20 million deal.
Since Fields is a restricted free agent, the Knicks will have three days to match the offer after it can be signed on July 11.
The Raptors met with Phoenix point guard Steve Nash Sunday and are hoping to sign the two-time MVP from Canada.nba