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

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.