The Clippers sent guard Mo Williams to the Utah Jazz. Utah will use the trade exception it created in the Mehmet Okur deal with New Jersey this past season to take on Williams' contract.

The Mavericks also will create their own trade exception worth $8.9 million by shedding Odom's contract without taking any salary back.

Dallas also received the draft rights to forward Tadija Dragicevic from Utah and cash considerations from the Houston Rockets. The Clippers sent the draft rights to second-round pick Furkan Aldemir to Houston.

Utah also received the draft rights to Shan Foster from the Mavericks.

All parties essentially had agreed to the deal Thursday, but it could not proceed until Williams made a firm decision on whether to pick up his $8.5 million option for next season, which he did Friday afternoon.

Williams' agent, Mark Bartelstein, stressed the delay had more to do with timing, not any issue Williams had playing for Utah, where he began his career in 2003.

"There was no blocking going on," Bartelstein said. "When you make a decision like this, you want to study it very closely.

"But the more we looked at it, the more excited we were about going back to Utah. Mo's very happy to be going back there."

In a text message to ESPNLosAngeles.com, Williams wrote: "It's where it all began. I'm excited about the opportunity."

Williams spoke with Jazz general manager Kevin O'Connor and coach Tyrone Corbin before opting into the final year of his deal. Williams must pass a physical but is expected to hold a news conference in Salt Lake City on Monday or Tuesday.

Dallas originally had until Friday to either pay $2.4 million to buy out Odom's $8.2 million salary for next season or have him on the books for 2012-13.

While Williams pondered his options, sources told ESPN.com's Marc Stein the Mavericks and Odom had agreed to extend the buyout deadline in Odom's contract until Saturday, leaving one more day to finalize the proposed three-way trade.

The Clippers are hoping Odom looks more like the player who won the Sixth Man of the Year Award with the Los Angeles Lakers in 2011, and not the enigmatic player who shot just 35 percent from the field and averaged a career-low 6.6 points for the Mavericks last season.