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07-06-2009, 12:00 AM
Jason Kidd has given the Dallas Mavericks a verbal commitment that he will re-sign with the team Wednesday, according to NBA front-office sources.
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 last week 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, and they're expected to woo Cleveland's LeBron James and at least one other top free agent.
In that scenario, pressure on Knicks president Donnie Walsh to trade either Eddy Curry or Jared Jeffries -- or both -- would have increased significantly, but sources 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's ability 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 could comfortably 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 on Friday 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 the 2009-10 season.
http://sports.espn.go.com/nba/news/story?id=4307928
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 last week 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, and they're expected to woo Cleveland's LeBron James and at least one other top free agent.
In that scenario, pressure on Knicks president Donnie Walsh to trade either Eddy Curry or Jared Jeffries -- or both -- would have increased significantly, but sources 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's ability 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 could comfortably 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 on Friday 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 the 2009-10 season.
http://sports.espn.go.com/nba/news/story?id=4307928
07-06-2009, 12:49 AM
This is good news for the Mavericks.
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07-06-2009, 10:24 AM
Did anyone really want him??? I just can't see why the Knicks would have really signed him to a long term deal.
07-06-2009, 02:29 PM
Almost 10 million a year for a player to dish out 8 points, 11 assists and 5 rebounds, lol..
07-06-2009, 09:30 PM
PLAYBOY5 Wrote:Almost 10 million a year for a player to dish out 8 points, 11 assists and 5 rebounds, lol..
if i was a owner, there is no way i would pay a player that much money and him not do anything.
07-06-2009, 09:41 PM
Strikeout King Wrote:if i was a owner, there is no way i would pay a player that much money and him not do anything.
I'm not sure what a good point guards value is, but Kidd is responsible for 30 points per game (8 points + 22 from assists). What's the average of the other PG's in the game to get a barometer of where Kidd fits?
07-08-2009, 12:48 AM
Strikeout King Wrote:if i was a owner, there is no way i would pay a player that much money and him not do anything.
Leave it to Mark Cuban. Didn't really surprise me that he decided to stay in Dallas. That is where he started his career and more than likely will finish it as well.
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