Kidd has been one of my favorite players since Phoenix times, but he's not the same Kidd anymore. Signing him to a 5 year midlevel deal would be disastrous to us. He doesnt have a good shot to last that long. And he isnt an all-NBA defender anymore, although i think he could be if he focused on that as his primary goal.
He's still a starter for most of the teams in the league, but not for very long, if he continues to slow down.
U dont want to start building your contender from complementary, veteran pieces. First u want to get your main guys, and then surround them with good parts.
So we need to wait for 2010, get our foundation players, and then look at all options to build up from there. If Kidd is available then at some point, he could be a great addition to a contender. But right now, we dont need to screw up with our cap.
That said, if Kidd is somehow available during the season, maybe for a Lee+Curry deal or similar, we could use his expiring contract and skills. But we need to stay put in 2009 FA, unless something really too good to pass shows up.