Nets to hire Jason Kidd as head coach

According to a source with knowledge of the situation, Jason Kidd and the Brooklyn Nets have reached agreement on a contract that will install Kidd as the team's head coach.

The deal is for three years. Kidd will replace P.J. Carlesimo, who took over for Avery Johnson as the team's interim coach after Johnson was fired earlier this season. Carlesimo was notified that he would not be retained shortly after the Chicago Bulls eliminated the Nets from the playoffs in the first round.

Kidd, who just retired from the NBA at the end of this season following a 19-year career, emerged as a leading candidate for the job last week. Kidd met with Nets general manager Billy King regarding the job on Monday.

The 10-time All-Star spent six seasons with the Nets while they were in New Jersey. He led the Nets to the NBA Finals twice, where they lost to both the San Antonio Spurs and the Los Angeles Lakers. The rookie of the year following the 1993-94 season, Kidd finally won an NBA championship with the Dallas Mavericks in 2011.

Kidd retired following the playoffs after spending one season with the New York Knicks, who were eliminated in the Eastern Conference semifinals by the Indiana Pacers.

Kidd has no head coaching experience. However, he is reported to have been extremely impressive during his interview.

An announcement is expected to be made later this week and no later than the weekend, according to the source.