The Milwaukee Bucks have fired coach Larry Drew after agreeing to send two second-round draft picks to the Brooklyn Nets to secure the coaching rights to Jason Kidd.

The Nets released a statement Monday night saying general manager Billy King "has permitted Jason Kidd to pursue a coaching opportunity with the Milwaukee Bucks." The Nets' search for a head coach will begin immediately. King is scheduled to address the media on Tuesday.

Brooklyn will receive one second-round draft pick each in 2015 and 2019 from Milwaukee. The Bucks had been offering one second-round pick, but the Nets wanted a 2015 first-round pick in exchange, a negotiating chip the Bucks dismissed.

A source told ESPN.com's Andy Katz that the Bucks have talked to Kidd only about being the coach, not any kind of administrative position running basketball operations. The source said the negotiation was supposed to be between the owners, not involving any basketball personnel, before the New York Post leaked the story. The source said the negotiations were being handled by Bucks general manager John Hammond and King.

The source told ESPN.com that the jobs of Hammond and high-ranking Bucks officials David Morway and Dave Babcock are not in jeopardy.