Sources told ESPN.com that Kidd - an unrestricted free agent who had reportedly been close to a deal to return to the Mavericks - ultimately decided to leave Dallas to join the Knicks. The New York Daily News confirmed the agreement.
If true, Kidd becomes the second high-profile point guard this week to spurn the Mavericks. Dallas was also reportedly one of two finalists for Deron Williams before he opted to sign with Brooklyn.
The 39-year-old Kidd averaged 6.2 points, 5.5 rebounds, 4.1 assists and 1.7 steals in 28.7 minutes per game for the Mavericks last season.
NBA.com reports that Kidd turned down a 3-year, $9.5 million deal with Dallas to go to New York and mentor Jeremy Lin. The restricted free agent point guard has drawn interest from the Houston Rockets but the Knicks have indicated they intend to resign him.Deals cannot be finalized until July 11 when the NBA's moratorium on free agent signings is lifted.