Trying to rebound from the disappointment of their failed pursuit of Carmelo Anthony, the New Jersey Nets have agreed to a blockbuster trade with the Utah Jazz for Deron Williams, sources said on Wednesday.

The Nets will send Derrick Favors and Devin Harris to Utah for the All-Star point guard.

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.

Williams took some heat this month for the retirement of Jazz coach Jerry Sloan. The two had disagreed during halftime of a home loss to the Bulls on Feb. 9. Sloan retired the next day.