The Milwaukee Bucks have officially signed head coach Jason Kidd to a three-year contract extension.
The deal will keep the former point guard at the helm through the 2019-20 season. Though terms of the deal were not disclosed by the team, sources previously told ESPN's Marc Stein that it would be worth up to $18 million over the period.
“Our goal remains to be a consistent contender for NBA Championships and we believe that Jason Kidd is the right man for the job,” said Bucks co-owner Wes Edens.
“In terms of preparing, developing and relating to today’s players, we think there is no better fit to lead our young and talented roster. We are excited that Jason will continue to call Milwaukee his home.”
The decision to extend Kidd's deal may have come as a bit of a surprise to some after the team underachieved this year and failed to make the playoffs despite putting together a strong roster.
In his debut campaign as head coach, the 43-year-old guided the Bucks to a 41-41 record and a playoff berth after a season where they'd recorded a franchise-worst 15 wins.
Heading into this campaign they were tipped by many experts to be the team to watch out for but they failed to live up to that billing as they posted a 33-49 record in the Eastern Conference.
This was despite having players like Giannis Antetokounmpo, Jabari Parker, Greg Monroe and Khris Middleton at his disposal.
Kidd was initially hired by Milwaukee in 2014 after he left the Brooklyn Nets in acrimonious circumstances and was heading into the final year of his contract. His record to date with the team is 74-90 but he is pleased to have the confidence of the front office to lead the talented young team forward.
“I greatly appreciate the confidence that our owners have placed in me by signing me to this extension,” said Kidd. “We have a hard-working group of coaches that want to teach our young players and help them reach their full potential.
"We still have work to do but we’re committed to the goal of building a team that consistently competes for titles.”
The former 19-year player will be tasked with taking the organisation back into the postseason and will be backed with any acquisitions they can make in free agency or via a trade.
The Wisconsin-based outfit also has the tenth pick in Thursday's draft and can add another talented young player to the promising team they have already built.