Deeks: J.J. Redick's Contract with the Orlando Magic Worth Over $20 Million

ORLANDO, FL - MAY 18: J.J. Redick #7 of the Orlando Magic looks to pass against Kevin Garnett #5 of the Boston Celtics in Game Two of the Eastern Conference Finals during the 2010 NBA Playoffs at Amway Arena on May 18, 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)

More details about the Orlando Magic's salary structure, specifically about J.J. Redick's front-loaded contract, have emerged thanks once again to the indefatigable Mark Deeks of ShamSports.com. Deeks just updated his NBA salary database again, and his latest addition includes Redick's previously unknown salary. We now know that Redick is owed $7.25 million this season, $6.75 million in 2011/12, and $6.19 million in 2012/13, for a total of $20.19 million.

But there's a previously unreported wrinkle to consider: the third year of that deal, which he originally received from the Chicago Bulls before the Magic matched the offer, is unguaranteed. It will become guaranteed "if not waived on or before July 8, 2012."

Not counting Jason Williams' minimum contract, to which he agreed this afternoon, Orlando's payroll for the 2010/11 season stands at $92,618,026. Over the next five seasons, the Magic are on the hook for over $281 million, including $63.4 million to Rashard Lewis and $54.2 million to Dwight Howard through 2013.

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