Dallas, TX -- (Sports Network) - Mavericks point guard Jason Kidd has reportedly decided to return to Dallas for the next three seasons.

According to the Dallas Morning News, team owner Mark Cuban said Kidd's deal will be worth more than $25 million. Reports had surfaced since free agent negotiations began that the New York Knicks had been pursuing the 36-year-old.

The report states the Knicks could not match the type of salary Dallas was able to offer Kidd. If he had signed with New York, it was likely he would receive the mid-level exception, which would have amounted to just under $6 million per year.

Kidd helped the Mavs go 50-32 in his first full season with the team since being acquired from New Jersey during the 2007-08 campaign. In 81 games for Dallas in 2008-09, he averaged 9.0 points, 8.7 assists and 6.2 rebounds.

A 15-year veteran, Kidd is currently in his second stint with the Mavs after being drafted by the team with the second overall pick of the 1994 draft out of California. For his career, with the Mavericks, Suns and Nets -- whom he helped to two consecutive NBA Finals -- he averages 13.8 points, 9.2 assists and 6.7 rebounds in 1,107 regular season games.