The Brooklyn Nets and Milwaukee Bucks have agreed on compensation that will allow Jason Kidd to join the Milwaukee Bucks as their head coach, a league source confirmed to The Brooklyn Game Monday morning.
The report was originally made by Chris Broussard of ESPN.
The Nets will get their own second-round pick in 2015 back (a pick originally sent away in the Reggie Evans trade), as well as the better second-rounder in 2019 between the Bucks and the Kings, the source confirmed.
Kidd was under contract for three more years (the last a team option) for roughly $7 million.
Kidd was hired June 13th, 2013, and led the Nets to a 44-38 regular season record (43-37 in games he coached), losing to the Miami Heat in five games in the second round of the playoffs. Kidd reportedly went to the front office following the NBA draft, hoping to usurp Billy King's role as general manager and oversee basketball operations. After he was rebuffed, the Nets gave him permission to speak with the Milwaukee Bucks. He will be their head coach, taking Larry Drew's position. Drew was not informed at all about the Bucks' discussion with Kidd.
Kidd has connections to Marc Lasry, one of the new Milwaukee Bucks owners. Lasry was once Kidd's financial advisor.