Source: Deron Williams Informs Cavaliers He Will Sign

Point guard Deron Williams has cleared waivers and has informed the Cleveland Cavaliers that he will sign with them, sources told ESPN on Saturday.

Williams negotiated his release from the Dallas Mavericks on Thursday after he wasn’t dealt at this week’s trade deadline. Williams, who cannot sign with the Cavs until Monday, will sign for the rest of the season for the veterans minimum, sources told ESPN, which will cost the Cavaliers $900,000 in salary and luxury tax.

Source: Brian Windhorst of ESPN