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ORLANDO, Fla. -- The Orlando Magic have decided to retain restricted free agent guard J.J. Redick, matching the three-year, $19 million offer sheet he received from the Chicago Bulls last week.The Magic will make their intention known Friday – the last possible day -- but NBA sources familiar with the front-office thinking of the Magic confirmed their decision Thursday afternoon.
"They aren't letting go of J.J.,'' said the source. Reddick is shown in the photo at left guarding Toronto's Marco Belinelli.
The offer sheet from the Bulls includes a first-year salary of $7 million, which will cost the Magic $14 million next season because of the punitive, dollar-for-dollar luxury tax threshold the Magic will exceed.
Redick, one of the team's most popular players, served mostly as a reserve last season, averaging a career best 9.6 points in a career-high 22 minutes.
Redick has improved slowly but surely since entering the league as the No. 11 overall pick of the 2006 Draft from Duke. He was one of just three Magic players to appear in all 82 games last season.
Share After playing only sporadically in his first two seasons, he has become one of the Magic's most consistent players, developing into a much better passer and defender since he arrived.
Redick shot 40.5 percent from 3-point range last season, proving invaluable for a team whose offense is based upon surrounding center Dwight Howard with good shooters.
By the end of last season, he was proving to be as effective as starting shooting guard Vince Carter, who will be going into the last guaranteed year of his contract.
Earlier this week, the Magic signed guard/forward Quentin Richardson, expecting him to replace free agent Matt Barnes at small forward. Richardson, though, also has been effective at shooting guard.
Earlier this month, the Magic signed Chris Duhon from New York to be their backup point guard behind starter Jameer Nelson. They also have been exploring trade possibilities for both backup center Marcin Gortat and little-used power forward Brandon Bass.
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