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News » Kidd is coming back Three-year, $25 million deal persuades free agent guard to return

Kidd is coming back Three-year, $25 million deal persuades free agent guard to return

Kidd is coming back Three-year, $25 million deal persuades free agent guard to return
Jason Kidd has agreed to come back to the Mavericks for a three-year contract worth more than $25 million, owner Mark Cuban said Sunday night.

Kidd, 36, whom the Mavericks traded for in February 2008, had been pursued by the New York Knicks, among others, in the free-agent period this summer.

"We are excited to have Jason Kidd back in a Mavs' uniform,'' Cuban said. "He was a major contributor for us last year, and we expect more of the same next year.

"We also are excited to have him tutor [point guards] Roddy Beaubois and J.J. Barea. This is hopefully the first of several deals to come in the next couple weeks.''

The Knicks could not offer Kidd a salary that would be competitive with the Mavericks . Barring a sign-and-trade, the Knicks were limited to offering a contract starting at about $5.5 million, expected to be the mid-level exception when the NBA confirms the salary cap later this week.

At three years, that deal would be worth $18 million.

The Mavericks could offer any amount up to the league maximum.

Free agents were allowed to begin negotiations last Wednesday, but cannot officially sign contracts until this Wednesday. It was unknown whether the Mavericks' deal was front-loaded. The Mavericks were hoping to protect as much salary-cap room as possible for next summer, when the free-agent bonanza includes players such as Chris Bosh, Dwyane Wade, LeBron James and Amare Stoudemire.

The Mavericks also are in the running this summer for restricted free agent Marcin Gortat, the 6-11 center who played for Orlando last season. The Mavericks have offered a five-year contract worth more than $30 million to Gortat. The Magic will have seven days to match the deal when the Mavericks officially sign Gortat to the offer sheet Wednesday.

Re-signing Kidd was believed to be a major factor in the Mavericks' ability to chase other teams' free agents.

Having Kidd on board also is one of the keys to the Mavericks' pursuit of other free agents in 2010 that may give the organization a better chance to compete for a championship.

Kidd was finishing up a contract that paid him more than $21 million last season. He helped the Mavericks finish 50-32.

Author: Fox Sports
Author's Website: http://www.foxsports.com
Added: July 7, 2009


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