Povtak: Orlando Magic Will Keep J.J. Redick, Officially Announce Decision Tomorrow

ORLANDO, FL - MAY 16: J.J. Redick #7 of the Orlando Magic walks on the court with his head down late in the fourth quarter against the Boston Celtics in Game One of the Eastern Conference Finals during the 2010 NBA Playoffs at Amway Arena on May 16, 2010 in Orlando, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Doug Benc/Getty Images)

Tim Povtak of NBA FanHouse reports the Orlando Magic will keep J.J. Redick by matching the Chicago Bulls' offer sheet for him. The team advised the media earlier this afternoon that GM Otis Smith will be available tomorrow morning, implicitly to discuss the decision.

While Brian Schmitz and Sam Smith have previously reported they believe the Magic will match, Povtak is the first to cite any sources:

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.

UPDATE: Schmitz has filed a new report, also saying the Magic will match:

Those close to the negotiations told the Sentinel on Thursday that the Magic will match the 3-year, $19-million offer sheet presented to Redick by the Chicago Bulls.

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