According to reports today, the Milwaukee Bucks are on the verge of confirming a contract extension for head coach Jason Kidd.
As first reported by Yahoo! Sports' Adrian Wojnarowski, Kidd is close to agreeing a deal worth over $15 million that will see him through to 2020.
Per ESPN, it will be worth $18 million over the three years following the 2016-17 campaign - the final year of his current contract.
Kidd and the Bucks endured a difficult 2015-16 season that ultimately ended with a 12th place finish in the Eastern Conference, but he did lead Milwaukee to a 41-41 record and playoff basketball in his first season in the head coach role in 2014-15.
Although the deal is yet to be confirmed by the franchise themselves, official confirmation is not expected to be too far away and the extension would be a clear show of confidence in Kidd's ability to turn the Bucks into perennial playoff contenders.
It is also a reward for the 10-time NBA All-Star's relatively smooth transition from player to coach.
In the three full seasons he has been holding the clipboard since retiring in 2013, Kidd has reached the postseason twice - one with the Brooklyn Nets in 2013-14 and then in his debut campaign with Milwaukee after arriving in a trade for two future second round draft picks.
His coaching record to date stands at 118-128 and 74-90 in Milwaukee. If, and when, the contract extension becomes official, Bucks fans will be hoping both of those records can improve in the years to come.
With a young roster including the likes of Giannis Antetokounmpo, Jabari Parker, Michael Carter-Williams and Greg Monroe, the franchise is certainly in a position to rise up the Eastern Conference rankings under the stewardship of the former New Jersey Nets star.
For the Bucks' ownership, securing Kidd to a long-term deal is clearly a part of achieving those goals.
Today's news also appears to be the logical conclusion of Milwaukee co-owner Wes Edens' comments at the end of the regular season:
"We outperformed [expectations in 2014-15]...Jason is a young coach. We all have a lot of room to grow," he said, via ESPN.
"We're happy with all the progress that has been made in many areas. We're not happy about 33 wins [this past season]."
There had been some talk that Kidd was angling for greater overall team control. However, with John Hammond as General Manager for the foreseeable future, it appears the young coach is set to focus on the playing side of the game.