Report: Nets finalizing multi-year agreement with Lionel Hollins to become head coach

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The Nets said goodbye to Jason Kidd after only one year as head coach, but appear to be ready to correct that mistake as early as Wednesday.

Brooklyn had locked in on Lionel Hollins as a replacement for Kidd, and hasn’t wasted any time in securing him as the team’s next head coach.

A deal between the two sides is likely to be reached as early as today.

From Marc Stein of ESPN.com:

Sources said the Nets and Hollins are finalizing a multiyear agreement that will pay an annual salary of excess of $4 million. A deal is expected Wednesday, sources said. …

Sources say the Nets wanted to move quickly in the wake of the Kidd saga and lasered in on Hollins immediately, meeting with him Monday and Tuesday.

It’s a wise move by the Nets. The team couldn’t afford to take a chance on another first-year head coach, and Hollins has a track record of coaching success, without those pesky front office aspirations.

Hollins last coached the Memphis Grizzlies to the Western Conference Finals in 2013, before that super-stable Grizzlies front office decided to go in a different direction.