The Dallas Mavericks are closing in on reuniting Vince Carter with his former New Jersey teammate Jason Kidd, according to sources with knowledge of the deal.

The full financial terms of the agreement weren’t immediately known, but sources said Dallas was discussing a multiyear contract with Carter and hoped to have him signed by Saturday.

Carter was waived Friday by the Phoenix Suns, who had 72 hours starting at 2 p.m. ET to waive the eight-time All-Star and pay only $4 million of the $18 million that he’s owed for the 2011-12 season.

via Marc Stein of ESPN Dallas