July 1 (Bloomberg) -- Jason Kidd reached agreement to become coach of the Milwaukee Bucks, a day after being let out of his contract by the Brooklyn Nets.
After one season as Brooklyn’s coach, Kidd asked Nets ownership to promote him above General Manager Billy King and give him control of the team’s basketball operations, the New York Post reported. The Nets declined, the newspaper said, and were then asked by the Bucks for permission to speak with Kidd.
“Jason is a determined leader, a tough-minded competitor and a great teammate,” Bucks owners Wesley Edens and Marc Lasry said in a statement.
The Nets will receive two future second-round draft picks as compensation for Kidd, who had three seasons left on a four-year, $10.5 million contract.
Lasry and Edens met with Kidd four days ago in New York, according to ESPN, to talk about Kidd becoming coach.
The Bucks fired Larry Drew as coach yesterday after going 15-67 in his only season in Milwaukee.
Kidd, 41, led the Nets to a 44-38 record in his coaching debut following a 19-year playing career in the National Basketball Association. Brooklyn lost to the Miami Heat in the second round of the playoffs.
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