William's agent, Mark Bartelstein, initially told The Associated Press the deal was finalized about 3:45 p.m. MDT Friday, and the Jazz and Clippers officially announced it in releases three hours later.
The deal initially was believed to involve only three teams, but a fourth, the Houston Rockets, got involved after Thursday's draft. The Rockets received the rights to the Clippers' 53rd overall pick, Furkan Aldemir, and the Jazz sent the team's trade exception to Dallas. The Mavs also received cash considerations from Houston.
Williams must pass a physical but is expected to hold a news conference in Salt Lake City on Monday or Tuesday.
The Jazz drafted Williams in 2003 but allowed him to leave after one season, a decision that general manager Kevin O'Connor said was the worst he ever made.
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