Watch CBSN Live

Reports: Jason Kidd to sign with Knicks

Jason Kidd passes the ball
Dallas Mavericks point guard Jason Kidd (2) passes the ball as Portland Trail Blazers' Andre Miller (24) pressures in the second half in a 2011 file photo. AP Photo/Tony Gutierrez

(CBS News) Veteran free agent point guard Jason Kidd is poised to sign a "multi-year contract" with the New York Knicks, according to

Sources told 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. 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.