The Milwaukee Bucks made their hiring of Jason Kidd as coach official on Tuesday after finalizing a deal with the Brooklyn Nets.
The Nets received a second-round draft pick in 2015 and 2019 as compensation for Kidd, who spent one season as their coach and posted a 44-38 record. Kidd's new contract is expected to be for three or four years.
"When you list the characteristics that make a successful head coach, you would include leadership, communication and a competitive drive," Bucks general manager John Hammond said in a statement. "Jason used all of those traits to become a 10-time All-Star player in the NBA, and has now translated his on-court success to the bench.
"We welcome him to the Bucks organization and look forward to building a championship-caliber team with him as our head coach."
To make room for Kidd, the Bucks fired coach Larry Drew on Monday. In Drew's one season with the Bucks, the team finished 15-67, the worst record in the NBA.
"Despite the challenging season, Larry always handled himself and represented the Bucks in a first-class manner,'' Hammond said. "Larry did the best he could in a difficult situation, especially given all of our injuries. I want to thank Larry for all of his efforts, and we wish him the best of luck in his future endeavors."
Kidd is just the fourth coach in NBA history to move to another team after his first season as a head coach, joining Stan Albeck (Cavaliers to Spurs in 1980), Jack McKinney (Lakers to Pacers in 1980) and Jack McMahon (Zephyrs to Royals in 1963).
Kidd had asked the Nets to let him be involved in overseeing basketball operations. Ownership shot him down based on his lack of experience in the front office and gave him the green light to talk with other NBA teams.
Kidd was also not happy about seeing other coaches with no previous experience being given bigger contracts than his. Former NBA players Steve Kerr and Derek Fisher each received five-year deals worth $25 million to coach the Golden State Warriors and New York Knicks, respectively. Kidd completed the first of a four-year deal worth $10.5 million.
The Bucks only talked to Kidd about being the coach, not having any player personnel duties.
Nets general manager Billy King found out about Kidd's power play last Wednesday but chose not to "sling any mud here" despite Kidd's attempt to take control of basketball operations.
"I want to thank Jason," King said Tuesday. "I think he did an amazing job for us last year."
Lionel Hollins will interview for the Nets' job in the next day or two and former CSKA Mowcow coach Ettore Messina, George Karl and Mark Jackson also are reported to be candidates, according to ESPN.com.
King said he had dinner with Hollins on Monday night and the two planned to meet again Tuesday. He indicated that he's looking at former NBA and college coaches.
"This time, I think we're going to go with experience," King said.