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Magic keep Redick for $19M, 3 years

Updated: July 16, 2010, 1:20 PM ET
Associated Press

ORLANDO, Fla. -- The only place J.J. Redick is heading is to the bank.

In a move that highlights his remarkable NBA turnaround, the same Orlando Magic team that once benched Redick shelled out $19 million Friday to retain the shooting guard. They matched a three-year offer sheet that the Chicago Bulls made for Redick last week that could cost Orlando much more.

The decision drives the Magic deeper into the luxury tax and gives them one of the NBA's highest payrolls at about $93 million ...

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