Jason Kidd has reportedly given a verbal commitment to re-sign with the Dallas Mavericks.
Sources told ESPN.com that Kidd, 36, will receive a 3-year, fully-guaranteed contract worth in excess of $25 million.
Kidd elected to stay in Dallas in the face of a hard push from the New York Knicks, who last week offered Kidd the most they could ($19 million over three years).
Some say that Kidd flirted with the Knicks only to strengthen his bargaining position with the Mavericks, but I think Dallas knew that someone would make him a mid-level offer and that they’d have to come a little stronger. Kidd was still an elite point guard as recently as the 2006-07 season, but over the past two seasons his athleticism has degraded somewhat, and he now gets by on guile more than speed or quickness.
This seems like a fruitless endeavor for the Mavs. Locking up Kidd for another three years will help keep Dallas in the playoffs, but they are a far cry from being a serious contender in the West. Dirk Nowitzki can opt out next summer (but may not), Josh Howard is signed through 2011 and Jason Terry is signed through 2012. This core blew its chance for a title in the 2006 Finals when Dwyane Wade went on a rampage (with more than a little help from the refs), and then overreacted by trading budding star Devin Harris away for Kidd. If Harris were still on the roster, the Mavs’ prospects would be brighter.
