J.J. Redick will be looking for a four-year, $40 millon contract on the free agent market, according to sources.

Redick is unlikely to get a deal that hits $10 million annually, but teams with interest in dealing for him contend a $7 million per season amount is likely.

The Pacers, Bucks, Bulls and Wolves have been interested in Redick.

The Magic are willing to re-sign Redick at a deal at approximately $5 million per season.