Sharpshooters Redick, Morrow Look for New Homes
J.J. Redick, the Duke product lottery pick who broke out in Orlando over the last two seasons, signed an offer sheet with the Chicago Bulls Friday. The offer is worth $19 million over three years, and is said to be frontloaded, which would put the cash output in 2010-11 at roughly $8.5 million. (The cap impact would be just $6 million.) It'd take a small miracle (or at least a couple painful trades) for the Magic to get under the luxury tax threshold next season. As such, matching the Redick offer would end up adding $6 million onto the team's tax bill, in addition to the $8.5 million paid in salary to the guard.
Magic GM Otis Smith told FanHouse's Chris Tomasson last week that the team had a number in mind for Redick, and won't overpay to keep him. Orlando has seven days from the date of Redick's signature to match or pass.
The Warriors, on the other hand, have no luxury tax worries revolving around the offer sheet sniping wing Anthony Morrow will sign with New Jersey. Morrow, who led the NBA in three-point percentage as a rookie (.467) and finished fifth his second season (.456), was undrafted out of Georgia Tech in 2008. On Monday, the Nets plan get Morrow's signature on a three-year, $12 million deal.
No one seems to know whether the Warriors value Morrow enough to match. It's worth noting that Golden State did lose valued wing Kelenna Azubuike in the David Lee sign-and-trade, potentially giving the Warriors a greater need to keep Morrow.
The two other great shooters on the market -- Kyle Korver and Mike Miller -- will land with the Bulls and Heat, respectively.