Report: Deron Williams Traded to Nets, With Devin Harris, Derrick Favors Going to Utah

The Nets may have missed out on Carmelo Anthony, but they've rebounded nicely by landing another top talent.

According to Yahoo's Adrian Wojnaroski, the Nets are set to acquire Deron Williams from Utah. Though it was originally reported as a three-team trade, New Jersey will in fact complete two separate deals — one with Utah and one with Golden State

The deals, according to Wojnaroski, break down like this:

• New Jersey gets Deron Williams from Utah and Dan Gadzuric and Brandan Wright from Golden State.
• Utah gets Derrick Favors, Devin Harris, two first-round picks and $3 million from New Jersey.
• Golden State gets Troy Murphy from New Jersey.

The deal is done, according to the report.