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. This could be the first of two big additions for Cleveland, as center Andrew Bogut is hoping to negotiate a release from the Philadelphia 76ers before Wednesday, so he can land with a playoff contender.

The Cavaliers have an open roster spot and have been looking to acquire a backup point guard since September, when Mo Williams announced to the team he would not be reporting for training camp. Deron Williams, who played on Team USA with LeBron James and Kevin Love, averaged 13.1 points and 6.9 assists in 40 games for Dallas this season.

The Mavericks, who will pay the remainder of Williams’ $2.5 million salary, released the veteran after the emergence of Yogi Ferrell, who was signed to a 10-day contract earlier in the season. Qith Williams nursing a toe injury, Ferrell averaged 15.3 points, 4.6 assists and 2.0 steals during a seven-game stint as a starter. Dallas went 5-2 during that span with wins over the San Antonio Spurs, Cavaliers and Jazz, highlighted by Ferrell’s 32-point performance in a victory over the Portland Trail Blazers.

Sources told ESPN.com on Sunday that Bogut’s agent, David Bauman, and the Sixers remain in active buyout negotiations. The Australian big man is hoping to be waived by Wednesday, which is the last day this season players can be released and remain playoff-eligible ‎with their next team. Two Dallas Mavericks sources told ESPN.com on Sunday that they expect Bogut to choose Cleveland if he indeed finds himself on the open market later this week, while another source close to the talks expressed optimism Sunday that a buyout is indeed forthcoming.

The Mavericks traded Bogut to Philadelphia on Thursday as part of the Nerlens Noel deal. ESPN reported later Thursday that the Cavaliers, Houston Rockets and San Antonio Spurs were planning to make a run at Bogut as long as he can convince the Sixers to set him free. ‎Various ailments limited Bogut to 26 games with the Mavs. A bone bruise in his knee and a hamstring strain, in particular, caused Bogut to miss extended stretches.

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