The Bucks are only considering Jason Kidd for their head coach position, not team president, according to Eric Buenning of BrewHoop.com. This report shouldn't be taken as the gospel, as the Bucks don't have a team president and Kidd has a long-time relationship with new co-owner Marc Lasry. It also seems odd that Kidd would agitate for more power in Brooklyn without a similar offer available in Milwaukee, but anything is possible. Kidd has three years left on his contract with the Nets and they're reportedly unwilling to let him leave without compensation -- ESPN's Marc Stein reports that they're "resolute in their pursuit of a first-round pick," though that's an extremely steep price for a disgruntled first-year head coach. Details about this situation continue to rapidly emerge, so stay tuned.

With Jason Kidd's tenure in Brooklyn reportedly nearing an end, Lionel Hollins, George Karl and Mark Jackson have emerged as leading candidates to take over as the Nets' head coach. The Nets' Russian management and ownership group is "done with" Kidd and it seems like only a matter of time before they part ways -- the Bucks may be constructing an offer which would send a second-round draft pick to Brooklyn for Kidd. Hollins is reportedly the early front-runner, with Karl also under serious consideration, but USA Today's sources "downplayed" the possibility that Jackson will get the job.

Jason Kidd reportedly advocated to Brooklyn management to send Brook Lopez, and Mirza Teletovic to Milwaukee for Larry Sanders and Ersan Ilyasova at the trade deadline last season. The move, which was mostly about Kidd's belief that Lopez did not fit his system, was considered, and rejected by Brooklyn management. Kidd was also reportedly angered when the Nets traded for Marcus Thornton rather than Jarrett Jack, who he believed would have been a better fit for his system. The Nets ownership is apparently fed up in dealing with Kidd's ego, and while they will not outright fire Kidd, his days in Brooklyn are over.

The Nets' organization is reportedly "done with" Jason Kidd, and they are discussing compensation with the Bucks to hire him away. The compensation will likely include a second-round draft pick according to sources. Kidd has three years left on the original four-year contract worth $10.5 million. While Kidd isn't looking to take over the Bucks as president and head coach, he is intrigued by an executive role that has higher-compensation, and is involved less with the day-to-day operations. Kidd was reportedly annoyed by the big paydays that newly hired coaches Steve Kerr and Derek Fisher received (both are set to make more than Kidd) and that could be what sparked the whole fiasco in the first place.

ESPN's Marc Stein is reporting that the Bucks and Nets have already begun discussing potential compensation to free Kidd from last three years of his contract with the Nets. Kidd may not yet officially hired as the president of the Bucks, but at this point, it would be very surprising if it doesn't happen. And Mark Jackson's name is being bantered about heavily on Twitter, as the possible new coach of the Nets, along with Lionel Hollins and George Karl.

Adrian Wojnarowski wrote on Saturday night that Jason Kidd wants a role in Milwaukee like Phil Jackson has with the Knicks, which means he wouldn't necessarily coach the team. And because Kidd and Bucks co-owner Mark Lasry's close relationship, it's easy to assume that the pair had this plan in place long ago. While Kidd still hasn't officially been hired by the Bucks, it does feel like he's going to become the president to the team. Whether he will eventually take over the coaching duties remains to be seen, but it's possible he doesn't even want that responsibility. What a Saturday night.

Gary Woelfel, who covers the Bucks, said on Twitter that he's heard that the Bucks have already offered Jason Kidd the role of team president, although that has not been confirmed. This story is developing at light speed and it's quite possible that Kidd already had a deal in place with the Bucks before he went to the Nets with his seemingly outrageous demands to control the organization. In another interesting twist, someone posted this exact scenario playing out on a Nets message board at RealGM.com a couple days ago (including Kidd running the Bucks), and also said that the Nets will next pursue Mark Jackson as their next head coach. While this is purely speculation, two things seem to be quite clear. 1. Kidd will not be returning to the Nets, regardless of what happens with the Bucks. 2. Kidd's close relationship with the new co-owner of the Bucks is a big deal, and it appears that he could very well be on his way to at least the team presidency, and could also end up coaching the team, although reports of whether he would also coach the team are unclear. Stay tuned.

Jason Kidd reportedly pushed for a power play in Brooklyn, demanding the role of overseeing the Nets, in addition to being head coach, and was denied. Kidd supposedly didn't want general manager Billy King to be fired, but did want to become his boss, despite having just one year of coaching experience. As a result of the failed power play, the Bucks asked for, and received, permission to talk to Kidd. Larry Drew is officially having a bad day, as he's currently the head coach in Milwaukee. This is a pretty bizarre story that came out of left field, and you have to think that Kidd may have done enough damage with the brass in Brooklyn to end the relationship.

Nets owner Mikhail Prokhorov quickly denied a report that he may be interested in selling the franchise he purchased in 2010. Yahoo! Sports reported that the Russian billionaire was "listening to offers," but one hour later Prokhorov released a statement that he has "no interest in selling." The basic principles of negotiation would require him to deny interest, of course, but for now this appears to be more of a rumor than a legitimate story.

Nets owner Mikhail Prokhorov has been "open to overtures from potential buyers" for the Brooklyn Nets, according to Yahoo! Sports. "Just listening so far," a league official said. "They haven't indicated a desire or willingness to sell. .Nothing was initiated by [Prokhorov]." With the Clippers sale fetching $2 billion, the Russian billionaire could make a nice profit on his $223 million investment on the team back in 2010. He has put in a lot of his own money due to hitting a ridiculous team salary of $190 million due to the luxury tax.