6:56pm: After Brian Shaw conducted a five hour interview with the Nets to become their head coach, Kidd is still the front runner for the position, and the Nets are "on the verge" of hiring him, reports ESPN.com's Marc Stein.
4:53pm: Within the last few hours, Kidd has continued to "aggressively" pursue potential assistant coaches for his staff, tweets Wojnarowski.
4:34pm: Addressing the Nets' head coaching hire, Howard Beck of the New York Times tweets "no decision today." It's unclear if Beck means that the Nets have yet to make a decision or that no decision will be announced today, but it appears Shaw still has a shot at the job.
The Inquirer report linked below has yet to be corroborated by any national writers or Nets beat reporters, and the timing appears unusual — such a long interview with Shaw would seem unnecessary if an agreement with Kidd was already in place. Still, Mitchell's report also hasn't been shot down yet, so for now it looks as if the Nets remain on track to hire Kidd. Either way, we should have a definitive answer very soon.
1:35pm: The Nets have reached agreement with Jason Kidd on a deal to become the club's next head coach, a source tells John Mitchell of the Philadelphia Inquirer. The former guard will get a three year deal from the Nets to man the bench just weeks after announcing that his playing days are through.
Fred Kerber of the New York Post reported earlier today that the Nets had an offer in place for the future Hall of Famer and it seems that the two sides didn't need much time to shake hands on it. It has been said for a long time that the Nets were eager to make a big splash with their head coaching position and this certainly accomplishes that goal.
Kidd takes over for interim head coach P.J. Carlesimo, who was fired less than 24 hours after the Nets were eliminated in the first round by the Bulls. The longtime coach was rather successful with the defensively-challenged Nets as they tallied a 35-19 regular season record under his watch. However, it wasn't good enough when coupled with their seven game ouster in the first round.
It has been reported that Kidd will be required to assemble an experienced staff to help him overcome the learning curve of being an NBA head coach. Strangely enough, former Nets coach Lawrence Frank has reportedly been tapped to be the Kidd's lead assistant to help him in his first season on the bench.
The ten-time All-Star spent six seasons with the Nets and most notably led them to the NBA Finals twice in a row after a lengthy playoff drought. While the Nets were runners-up to the Lakers and Spurs, Kidd finally won a title with the Mavericks in 2011.
It will be interesting to watch how Kidd does for a number of reasons but the most compelling part of it will be to see how he deals with player discord given his reputation as a coach killer. Of course, star point guard Deron Williams has been given the same tag by many observers, though he has denied having a hand in Jerry Sloan's retirement in Utah and expressed surprise and disappointment after Avery Johnson was fired in Brooklyn.
An announcement is expected to be made later this week and no later than the weekend, according to Mitchell's source.