Jazz point guard Deron Williams is expected to re-sign with the team through the 2013-14 season, according to a report in The Salt Lake Tribune.

Utah can offer Williams a contract extension on July 1, when the NBA's negotiating period begins.

"That's the plan," Williams said. "I definitely love it here. I think we have a great team, a great coaching staff and have a chance to win. That's the thing that's most important to me."

The deal could be worth as much as $80 million.

"That would be an important thing for this franchise," Jazz coach Jerry Sloan added, "and I think that's the direction they probably are leaning. I don't think they'll let him get away."