Kidd bails on multi-year deal to return to Dallas, going to Knicks

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UPDATE 5:03 pm: No Jason Kidd, either.

Mavericks officials thought they had a deal close, as you can read below, but Kidd has decided to become the new point guard for Mike Woodson and the New York Knicks. That is a punch to the gut.

2:09 pm: No Deron Williams. No Steve Nash.

So the Dallas Mavericks are back with 39-year-old Jason Kidd, and they are not talking a one-year deal either, reports ESPN.

Sources with knowledge of the deal specifics told ESPN.com’s Marc Stein that Kidd’s contract will be a three-year deal worth $9 million, taking him to age 42 if he plays it all the way out.

Kidd has played 18 NBA seasons and is one of the legendary point guards of the game, but he is well into the back end of his career. Last season Kidd gave the Mavericks 28 minutes with 6.2 points and 5.5 assists per game, and his play was solid if not his old spectacular self. He also missed 18 regular season games due to injury.

Kidd may not play all three years and may be a trade chip depending on what direction the Mavericks go as they try to reload — or maybe flat out rebuild — over the next few years.