The admission came at the press conference officially announcing the hiring of Kidd, who until last week held the same position with the Brooklyn Nets. Lasry told reporters he should have brought Bucks general manager John Hammond into the conversation before news of Kidd's interest in the job broke.
''We were asked to keep it confidential,'' Lasry said. ''In retrospect, that was a mistake. I think we have learned a lot in the last couple days about process and things. I think that was our fault and we shouldn't have done that.''
When reports that Milwaukee and Kidd were in talks about the head coaching position first surfaced, coach Larry Drew was still under contract and had not yet been informed he would be let go by the team.
The Bucks gave second-round picks in 2015 and 2019 to the Nets as compensation for allowing Kidd out of his contract with Brooklyn.