Deron Williams is planning on signing with the Cleveland Cavaliers on Monday, per Shams Charania of the Vertical.

The three-time All-Star was waived by his previous team, the Dallas Mavericks on Thursday. The two parties were supposedly discussing a contract buyout just minutes before the trade deadline expired at 2 p.m. CT, as reported by ESPN’s Tim McMahon. Williams cleared waivers on Saturday.

Deron was, and still is considered “hot commodity,” as he was still the best point guard on the free agent market. The Cavaliers, the Utah Jazz and the Washington Wizards all had interest in the 12-year veteran. However, his intentions were always set (and probably rightly so) on joining the Cavaliers, in order to help them defend their title as the reigning NBA champions.

The 32 year-old offers the Cavaliers an asset they have long been searching for — which is a playmaker. The Cavaliers were openly scanning the trade and free agent markets in search of a viable back-up point, and Williams seemingly fits the bill. He will come in and automatically fill-in for the reserve point guard Rolf, where he is likely to operate as an efficient and effective member of the second unit.

While Williams may not be playing at the All-Star level he was during his time with the Utah Jazz and the then-New Jersey Nets, he still enjoyed a moderately successful campaign for Dallas prior to his departure. He averaged 13.1 points and 6.9 assists per contest, while shooting the ball at a 43 percent clip from the field across 40 games this season. While he might not be the high-end performer nor a top-class point guard, he can still offer plenty of production to the Cavaliers, who are in desperate need of a creator.

The point guard signed a $9,000,000, one-year deal with the Mavericks this past summer, with Dallas now expected to hand William’s previous role to undrafted rookie Yogi Ferrell and Seth Curry.

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