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[h2]Sources: Kidd to re-sign with Mavs[/h2]
Comment Email Print By Marc Stein
ESPN.com
Archive
Jason Kidd has given the Dallas Mavericks a verbal commitment that he will re-sign with the team Wednesday, according to NBAfront-office sources.
Kidd
Sources told ESPN.com that Kidd, 36, will receive a 3-year, fully-guaranteed contract worth in excess of $25 million.
Kidd elected to stay in Dallas in the face of a hard push from the New York Knicks, who lastweek offered Kidd the most they could ($19 million over three years).
Signing Kidd for more than one season would have impacted the Knicks' efforts to amass substantial salary cap space for the summer of 2010, andthey're expected to woo Cleveland's LeBron James and at least one other topfree agent.
In that scenario, pressure on Knicks president Donnie Walsh to trade either EddyCurry or Jared Jeffries -- or both -- would have increased significantly, butsources say that Walsh and Knicks coach Mike D'Antoni felt that acquiring Kidd would have been worth such hassles because of their confidence in Kidd'sability to change the Knicks' culture.
Kidd's interest in returning to the Atlantic Division was mutual, but the Mavericks were always considered favorites to re-sign him because they couldcomfortably exceed the Knicks' max offer of three years at the projected mid-level exception of $5.8 million per year.
Although Kidd initially sent signals that he planned to take the full holiday weekend before making a decision, Dallas began inching closer to a deal onFriday when Kidd and Mavericks owner Mark Cuban met at Cuban's house.
Wednesday is the first day teams can formally sign free agents to new contracts after the NBA announces the salary cap and luxury tax figures for the2009-10 season.
Marc Stein is a senior NBA writer for ESPN.com.
[h2]Sources: Kidd to re-sign with Mavs[/h2]
Comment Email Print By Marc Stein
ESPN.com
Archive
Jason Kidd has given the Dallas Mavericks a verbal commitment that he will re-sign with the team Wednesday, according to NBAfront-office sources.
Kidd
Sources told ESPN.com that Kidd, 36, will receive a 3-year, fully-guaranteed contract worth in excess of $25 million.
Kidd elected to stay in Dallas in the face of a hard push from the New York Knicks, who lastweek offered Kidd the most they could ($19 million over three years).
Signing Kidd for more than one season would have impacted the Knicks' efforts to amass substantial salary cap space for the summer of 2010, andthey're expected to woo Cleveland's LeBron James and at least one other topfree agent.
In that scenario, pressure on Knicks president Donnie Walsh to trade either EddyCurry or Jared Jeffries -- or both -- would have increased significantly, butsources say that Walsh and Knicks coach Mike D'Antoni felt that acquiring Kidd would have been worth such hassles because of their confidence in Kidd'sability to change the Knicks' culture.
Kidd's interest in returning to the Atlantic Division was mutual, but the Mavericks were always considered favorites to re-sign him because they couldcomfortably exceed the Knicks' max offer of three years at the projected mid-level exception of $5.8 million per year.
Although Kidd initially sent signals that he planned to take the full holiday weekend before making a decision, Dallas began inching closer to a deal onFriday when Kidd and Mavericks owner Mark Cuban met at Cuban's house.
Wednesday is the first day teams can formally sign free agents to new contracts after the NBA announces the salary cap and luxury tax figures for the2009-10 season.
Marc Stein is a senior NBA writer for ESPN.com.