Al Iannazzone wrote Thursday morning how Deron Williams' most lucrative option is to turn down the Nets' offer of a (two-year) contract extension now, opt out of the final year of his contract, and become a free agent next summer. Then Thursday afternoon, Williams' agent Jeff Schwartz confirmed to Iannazzone that that's exactly what Williams will do.

"Based on the new rules it doesn’t make any sense for him to sign the extension," said Schwartz. "It has nothing to do with how much he likes New Jersey. Because of the rules, he’s going to play the season out and opt out of his deal." Under terms of the new CBA, Williams can get $30 million more if he waits to sign with the Nets in the summer.

Williams, aware that the news set off a media storm, later tweeted, "Don't know why people are tripping just bc I'm opting out doesn't mean that I won't resign with the nets! W/ new CBA it makes sense."

• Deron Williams will not sign extension with Nets, agent says - Al Iannazzone - The Record