Jason Kidd looks on during a shootaround at AmericanAirlines Arena...

Jason Kidd looks on during a shootaround at AmericanAirlines Arena in Miami on May 7, 2014. Credit: Newsday / J. Conrad Williams Jr.

With his power play foiled, Jason Kidd's exit from the Nets is complete. General manager Billy King said Monday that compensation has been agreed upon, ending Kidd's brief coaching tenure in Brooklyn and freeing the Bucks to fire Larry Drew and install Kidd as their coach.

In exchange for letting Kidd out of the final three years of his contract as coach, the Nets will get two second-round draft picks -- one in 2015 and the better of Milwaukee's or Sacramento's 2019 pick.

Kidd will step in for Drew, who went 15-67 in his only season with the Bucks. Drew reportedly wasn't even aware that the negotiations with Kidd were going on until word broke publicly over the weekend.

By bolting for Wisconsin, Kidd -- who reportedly is getting a contract within the range of three to four years worth somewhere from $12 million to $15 million -- left the Nets searching for a coach just as free agency was set to begin at 12:01 a.m. Tuesday.

It appears as if that search will begin with Lionel Hollins, possibly within the next day or so. A league source confirmed that the Nets hope to set up a meeting soon with Hollins, who's also drawing interest from the Lakers and might speak with them about their vacancy.

Hollins, 60, is 214-201 in three stints as coach of the Grizzlies, including a 56-26 record during the 2012-13 season.

Kidd's departure closes the book on a wild 12 months, a crazy roller-coaster ride that will lead to an interesting atmosphere next season when the Bucks visit Barclays Center, where Kidd's jersey hangs from the rafters after being retired in October.

Despite being hired without any coaching experience mere days after ending his 19-season NBA playing career, and management sticking with him when a roster with a nearly $200-million price tag got off to a 10-21 start, Kidd reportedly wanted more -- as in personnel say and an increased salary.

According to reports, after the season, Kidd went to ownership and wanted to trade Brook Lopez and Mirza Teletovic to Milwaukee for Larry Sanders and Ersan Ilyasova and was rebuffed. It's unclear whether Kidd was thinking about joining the Bucks at that point.

There's speculation that the newly cut deals of Knicks coach Derek Fisher and Warriors coach Steve Kerr, neither of whom had coaching experience, had Kidd feeling a little underpaid. Fisher and Kerr each got a five-year, $25-million contract -- more than double Kidd's four-year, $10.5-million pact.

In his lone season in Brooklyn, Kidd guided the Nets to a 44-38 mark and a victory over the Raptors in a first-round playoff series before being eliminated by the Heat in the second round.

But his tenure will be stained by several noteworthy incidents, beginning with his suspension for the season's first two games after pleading guilty to driving while impaired, a charge stemming from his July 15, 2012, crash in Water Mill.

Kidd's "reassigning'' of top assistant Lawrence Frank in December, about six months after publicly campaigning for Frank to join his staff, also was not one of his season's best moments.

The NBA fined Kidd a total of $75,500 in two separate disciplinary measures, including a $50,000 fine for spilling soda on the court to stop the clock late in a loss to the Lakers in November.

Through it all, the Nets stuck behind Kidd, who will work for a good friend in Marc Lasry, one of the Bucks' new owners. Now the Nets must try to find a coach and fill out a staff while juggling the free-agent frenzy this week.

Yahoo Sports reported that Sean Sweeney -- who Kidd last week said will coach the Nets' summer league team in Orlando, beginning this week -- likely will join Kidd's staff with the Bucks and that Kidd is seeking permission from the Nets to bring assistant Eric Hughes with him.

More NBA news