Via Al Iannazzone:
Deron will not be signing the extension,” Jeff Schwartz told The Record this afternoon.
“Based on the new rules it doesn’t make any sense for him to sign the extension. 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 probably opt out of his deal.”
According to the new rules, Williams can get a two-year extension from the Nets for roughly $39 million that would be tacked on to the two years, $31 million he has remaining on his deal. If Williams opts out after the season, he could get five years, and about $101 million from the Nets or four years and $73 million from another team.
This is a monetary decision, not a basketball one. The extension possible in the new CBA isn't the maximum contract.
In other words, nothing changes. Put your torches down. Business as usual.