Bodog Beat

Deron Williams has signed a four-year extension with the Jazz. (AP Images)

Deron Williams is going to be a rich, rich man.

The star young PG of the Utah Jazz has hit the jackpot, signing a four-year, $70 million extension with the club that'll keep him in Salt Lake until the 2012 season.

Williams' extension is similar to the one New Orleans point guard Chris Paul agreed to just 10 days ago. Lance Young, Paul's agent, said Paul agreed to a three-year extension with a player's option for a fourth year. The total value of Paul's deal is $68 million.

The third overall pick in the 2005 draft, Williams has steadily increased his output each year and averaged a career-high 18.8 ppg and 10.5 apg last season, finishing third in the league in assists. He also was named to the All-NBA second team and became the third player in NBA history to have 1,500-plus points, 800-plus assists and shoot .500 or better in a single season.

Deron's got the big money, now can the Jazz cash in and get to the NBA Finals? They're currently listed at 14/1 to win the 2009 NBA Championship - get all your NBA basketball futures in the Bodog Sportsbook today!