- Associated Press - Wednesday, February 23, 2011

SALT LAKE CITY (AP) - The Utah Jazz have traded All-Star guard Deron Williams to the New Jersey Nets in exchange for rookie Derrick Favors, point guard Devin Harris and two future first-round picks.

Jazz general manager Kevin O’Connor confirmed the deal Wednesday, saying it was a win-win situation.

The deal comes two days after the Nets failed to land Carmelo Anthony, who was acquired by the New York Knicks as part of a blockbuster deal with the Denver Nuggets.

Harris, a former All-Star point guard, and Favors, the No. 3 pick in the draft, were part of the package the Nets were offering the Nuggets all season for Anthony.


The Jazz were a perennial contender with Williams, but his reputation took a hit when coach Jerry Sloan retired one day after clashing with him during a game.

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AP Pro Basketball Writer Brian Mahoney contributed to this report.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

A person with knowledge of the trade says the New Jersey Nets agreed to acquire All-Star point guard Deron Williams from the Utah Jazz on Wednesday in a surprising deal the day before the deadline.

The Nets are sending rookie Derrick Favors and point guard Devin Harris to the Jazz as part of the package in a deal that also includes the Golden State Warriors.

The person spoke to The Associated Press on condition of anonymity because the deal hasn’t been announced. It was first reported by The Record of Bergen County, N.J.

The deal comes two days after the Nets failed to land Carmelo Anthony, who was acquired by the New York Knicks as part of a blockbuster deal with the Denver Nuggets.

Harris, a former All-Star point guard, and Favors, the No. 3 pick in the draft, were part of the package the Nets were offering the Nuggets all season for Anthony. While they couldn’t get Denver’s All-Star forward, Wednesday’s trade stole some of the spotlight from the rival Knicks on the night Anthony arrives at Madison Square Garden.

The Jazz were a perennial contender with Williams, but his reputation took a hit in Utah when Hall of Fame coach Jerry Sloan retired the day after a clash with him during a game.

Williams was expected to be one of the headliners of the 2012 free agent class along with 2008 Olympic teammates Dwight Howard and Chris Paul, and the small-market Jazz could have faced losing him for nothing.

Story Continues →