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, if completed, would also include the Golden State Warriors and involve Utah receiving draft picks from the Nets.