Finally, Deron Williams has made his agreement to stay with the Brooklyn Nets official, with the NBA okaying paperwork for the nearly $100 million five-year deal. Nets General Manager Billy King said, "We are obviously thrilled that Deron will lead the Nets into our new home in Brooklyn. Deron is in my opinion the top point guard in the NBA. With his leadership and guidance on and off the court, the fans of Brooklyn should be proud." However, King's attempts to land Dwight Howard are hitting snags.

Now it looks like the Los Angeles Lakers and Houston Rockets are joining the Orlando Magic for talks about Howard; ESPN reports, "Sources told ESPN.com that the Rockets are discussing a multitude of trade scenarios with the Magic, offering to serve both as the team that would acquire Howard in a direct trade between the clubs and also as a third team that would participate in a trade that lands Howard with the Lakers and brings All-Star center Andrew Bynum to Houston." The Nets had been dangling their center Brook Lopez as well as Kris Humphries as part of a deal with the Magic, Cleveland Cavaliers and the Los Angeles Clippers, but Lopez's and Humphries's free agency proved to be complicated for the deal. Now it looks like the Nets will re-sign Lopez to a new deal, which Yahoo Sports says they hope will "apply pressure to Orlando, but there’s nothing left for them to offer Orlando that they haven’t already made available to them."

Anyway, about what the Nets do have: They've got Joe Johnson, Gerald Wallace and Williams, who said, "I am really excited to be able to officially say that Brooklyn is home. It is an incredible time to play in Brooklyn and to be a part of this organization, the first sports team to call Brooklyn home in over 50 years. I believe in the team and what we are going to be able to accomplish on the court, as well as in the community. My family and I have come to know New York and the more we do, the more we love it. I look forward to going to London to represent the United States in the Olympics and then coming back to Brooklyn to open Barclays Center."