Kidd in his coaching debut last season. (Photo by Fernando Medina/NBAE via Getty Images)
Kidd in his coaching debut last season. (Photo by Fernando Medina/NBAE via Getty Images)

Jason Kidd will be the next head coach of the Milwaukee Bucks.

According to ESPN, then reported by multiple other outlets, the Bucks have agreed to send two second round picks to the Brooklyn Nets for Kidd. Kidd will sign a new multi-year deal with the Bucks to serve only as the head coach, contrary to initial reports.

New Jersey will receive draft picks in 2015 and 2019 from Milwaukee. The Bucks had been offering one second-round pick, but the Nets initially wanted a 2015 first-round pick in exchange, a negotiating chip the Bucks originally dismissed.

The status of current Bucks coach Larry Drew remains to be seen. The source said Drew has not talked to ownership during this process, and co-owner Marc Lasry declined comment.

There are still suspicions that Kidd will at some point add more titles to his role.

(UPDATE: Larry Drew has been fired.)

Drew was at Jabari Parker’s introductory press conference last Friday and spoke as if he expected to be the team’s coach going forward. He commented on how Parker’s workout reminded him of a young Kobe Bryant’s workouts and said he looked forward to the challenge of working with a young team again.

Kidd was 44-38 in his only season in Brooklyn after a 19-year playing career that left him second all-time in assists and steals upon his retirement. The Nets lost in the second round of the playoffs to the Heat in five games.

The Bucks have yet to release a statement on the matter. For more of our thoughts on the matter, see our post on the compensation and Kidd as head coach rumors last night.