11:24am: The Mavs and Kidd are working toward a three-year, $9MM contract, according to ESPN.com's Marc Stein. Such a deal would extend Kidd's career to 2015, when he'll turn 42.
12:59am: The Mavericks are closing in on an agreement for a multiyear contract with Jason Kidd, according to Eddie Sefko of the Dallas Morning News. Jeff Caplan of ESPNDallas.com confirms the report, while Dwain Price of the Fort Worth Star Telegram (Twitter link) hears from Kidd himself that the veteran expects the deal to be done within about two days.
After losing out on Deron Williams to the Nets, the Mavericks are moving on to alternate options, including Kidd. The 18-year-veteran talked to Caplan earlier today about the possibility of playing with Williams in Dallas, hinting that he'd be like to return to the Mavericks even though D-Will headed elsewhere.
According to Sefko, Kidd may not necessarily have to take a huge paycut from his 2011/12 salary ($10.12MM) if he agrees to sign a one-year deal or a two-year deal with a buyout or team option in the second year. However, both Sefko's and Caplan's reports indicate that the two sides are working to finalize a multiyear deal.
The Knicks were considered the other finalists for Kidd, though they likely only would've had the $3.09MM mini mid-level to offer him.