NBA Rumors: Orlando Magic to Retain J.J. Redick, According to Report

Mandatory Credit: Russ Isabella-US PRESSWIRE

The Orlando Magic plan to guarantee the final year on J.J. Redick's contract, according to Adrian Wojnarowski of Yahoo! Sports, keeping the veteran shooting guard in Magic pinstripes for the 2012/13 season.

Per the terms of the offer sheet he signed with the Chicago Bulls in 2010--which offer Orlando matched--the final season of Redick's contract is worth $6.19 million, but only becomes fully guaranteed if he's still on the team as of July 8th, 2012. Wojnarowski's report, which misidentifies the guarantee as a team option, indicates the team will indeed retain Redick beyond that date. Barring a contract extension, he will become an unrestricted free agent in July 2013.

Redick posted career-best numbers for Orlando in the 2011/12 campaign, with 11.6 points, 2.3 rebounds, and 2.5 assists. The former Duke Blue Devil shot 41.4 percent from three-point range and 91.1 percent on free throws.

Redick joins point guard Jameer Nelson among Orlando backcourt players whose futures with the team became more clear Thursday; Nelson agreed to sign a new, three-year contract with the Magic earlier in the day.

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