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Magic match Bulls' offer sheet to retain Redick

Magic match Bulls' offer sheet to retain Redick

Orlando Magic general manager Otis Smith says the team will retain J.J. Redick. The Magic matched a $19 million, three-year offer sheet that the Chicago Bulls made for Redick.
Because Redick was a restricted free agent, the Magic had seven days to decide to match the contract. They took all seven to make the move that nearly doubles Redick's salary from last season and puts Orlando deeper into the luxury tax.
But Redick gives Orlando a formidable backup shooting guard who has steadily improved, and perhaps a future starter.
He was the 11th overall pick in the 2006 draft. He struggled early in his NBA career but has become a key contributor for the Magic.