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Deron Williams agrees to new 1-year, $10 million deal with Dallas Mavericks

Good morning. Welcome to the Orange Minute for Monday, July 4.

By Jim Vainisi
Russ Isabella-USA TODAY Sports

As dizzying amounts of money continue to be thrown about in NBA free agency, one former Fighting Illini basketball player has re-upped to stay with his current team for another season. Per multiple reports, Deron Williams and the Dallas Mavericks have agreed to terms on a new 1-year, $10 million contract. The NBA places a moratorium on these deals, so terms won't be officially announced until July 6.

Williams opted out of his old contract to seek a bigger payout, and he certainly accomplished that after doubling his salary. Although, it's a bit strange that Williams ultimately accepted a meager one-year deal given his past injury history; he almost certainly turned down multiple seasons and more money from other teams to stay in his home state of Texas.

From the Mavericks' perspective, though, this looks to be a great deal. Dallas was facing a gapping hole in the backcourt after failing to sign Mike Conley Jr., and this wasn't exactly the best offseason to be looking for a point guard in free agency. So re-signing Williams quickly became the only logical move for the franchise. And to do so on such a team-friendly deal? Well done, Mark Cuban.

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Literally nothing else happened on Sunday. Enjoy your Fourth of July, everyone!