Jason Kidd

It’s official! Jason Kidd is the new head coach of the Brooklyn Nets.

The team announced the news Wednesday night (June 12), just days after news surfaced that the retired NBA star was pitching himself for the position. A source tells ESPN.com, Kidd signed a three-year deal. Financial specifics were not reported though.

He will be introduced as the Nets head coach at a news conference at 2pm EST Thursday (June 13) at Barclays Center.

“This is a tremendous opportunity to be named head coach of the Brooklyn Nets, and it’s a role I have been studying for over the course of my playing days,” said the 40-year-old Kidd, who retired as a player earlier this month.

“Championship teams are built on being prepared, playing unselfishly and being held accountable, and that’s how I expect to coach this basketball team. I am truly excited about this next phase of my basketball career.”

The Nets also reportedly met with Brian Shaw on Wednesday as well. However, Kidd convinced Nets owner Mikhail Prokhorov and his advisers that he is ready to jump into the head coaching position, despite no prior coaching experience.