The Orlando Magic have exercised its right of first refusal and retained restricted free agent guard J.J. Redick, General Manager Otis Smith announced today.  Per team policy, terms of the deal are not disclosed. Orlando had seven days to match an offer sheet made to Redick by Chicago on July 9.

"J.J. (Redick) is a valuable part of our organization, both on the court and in our community," said Smith.  "He has worked extremely hard during his four seasons with us and improved every year.  We're happy that J.J. will be back to help us reach our ultimate goal." 

Redick (#7, 6?4?, 190, 6/24/84) played in all 82 games last season with Orlando, averaging a career-high 9.6 ppg., 1.9 rpg. and 1.9 apg. in 22.0 minpg.