The New York Daily News reported Kidd has decided to sign with the Knicks after previously working out most of the details on what would have been a multiyear contract with the Mavericks.
Kidd, 39, is second on the NBA's all-time list in both assists and steals. He averaged 6.2 points, 5.5 assists and 4.1 rebounds in 48 games for Dallas last season and was a key contributor to the team's NBA title run in 2011.
Kidd has been a member of the all-star team 10 times.
With Kidd apparently headed to the Knicks, New York point guard Jeremy Lin became a potential target for Dallas. Lin, however, has agreed to sign a four-year, $28.8 million offer sheet with the Houston Rockets. the Houston Chronicle and other media sources reported. Once Lin does sign an offer sheet, the Knicks would have three days to match the offer.
Lin averaged 14.6 points and 6.2 assists in 35 games during a breakout 2011-12 season for the Knicks. He suffered a knee injury in March that ended his season.