"My time in professional basketball has been an incredible journey, but one that must come to an end after 19 years," Kidd said in a statement released by the New York Knicks.
Kidd becomes the second player on an aged Knicks roster to retire, following Rasheed Wallace's decision in April. Kurt Thomas, nearly six months older than Kidd, broke his foot late in the season, and his status is unclear.
Kidd was a five-time selection to the All-NBA first team and was voted to the All-Defensive first or second team nine times.
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