The Orlando Magic have formally announced that they will match the offer sheet from the Bulls - a 3-year/$19 million contract. Redick will now be in a Magic uniform for at least three more seasons. Magic GM Otis Smith announced the signing. He publically stated that the Magic would use the full amount of time to see if they would match or not.
Since Redick was a restricted free agent, the Magic had seven days to match any offer. In this case, it was the Bulls, as they were trying to sign the sharpshooter to go along with the newly-acquired Kyle Korver. It took Orlando all seven days to match the offer, but it comes at a price - this puts Orlando deeper into the luxury tax threshold. Redick's salary is now nearly doubled from what he made last season.
He has slowly become a favorite of coach Stan Van Gundy, and has been solely used as a bench player - Redick has only started 14 games over his four year career. Howver, Van Gundy has praised Redick for his work ethic and hustle. He even went as far to say that the Magic would match any offer for Redick, regardless of the price tag.
Redick has been with the team since being drafted out of Duke in 2006. He was highly praised for his shooting ability, which is why he was taken 11th overall. He had a great college career and many consider him to be one of the best shooters in NCAA history.
He has played sparingly through his first four seasons, but has shown signs of promise lately. Last season, he averaged 9.6 points per game during the regular season and turned it up a little bit versus the Celtics in the Eastern Conference Finals, averaging 11.2 points per game.
With Redick, the Magic are hoping to stay in the upper echelon of the Eastern Conference after making the conference finals the last two seasons. He is an intricate piece of the Magic's puzzle and they are hoping Redick can help lead their team for the next three seasons - and maybe, just maybe, win their first championship in franchise history.
Although terms haven't been fully disclosed, he is expected to make a high amount his first two seasons, with the third one coming at a slightly lower salary.
