The New Jersey Nets are trying to rebound from the disappointment of their failed pursuit of Carmelo Anthony by swinging a blockbuster trade for the Utah Jazz's Deron Williams before Thursday's 3 p.m. ET deadline, sources said on Wednesday.
The Nets and Jazz, sources said, are closing in on a multi-team trade that would send Williams to New Jersey, with the Nets' Derrick Favors and Devin Harris going to Utah.
The deal, scheduled for completion later Wednesday after a trade call with the league office, would also involve the Golden State Warriors and bring multiple draft picks to Utah.
Just Tuesday night, the Dallas Mavericks were talking to the Nets about re-acquiring Harris, according to sources. The Mavericks had shown interest in the point guard in January and told the Nets the sides should talk again if New Jersey didn't ship him out in a Carmelo Anthony trade.
Sources said Dallas turned down a New Jersey proposal of Harris for Caron Butler, Mavs rookie Dominique Jones and a first-round pick.