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Bulls May Not Get Redick; Magic Likely To Match Offer Sheet

Via Chicago Breaking Sports:

Orlando Magic general manager Otis Smith told the Orlando Sentinel early Saturday he “anticipates” matching the Bulls’ three-year, $19 million offer to restricted free agent J.J. Redick.

The Magic have seven days to match the offer, which the Tribune reported is front-loaded at $7 million. With the Magic already in luxury tax territory, matching that offer would cost the Magic a dollar-for-dollar penalty and a total of $14 million.

“I anticipate us doing it, but I’m not sure,” Smith told the Sentinel. “It’s too early. We’ll talk about it.”

So, it may be back to the free-agent list for Gar Forman.