Magic Still Mulling Possible J.J. Redick Deal

11:58pm: Redick prefers either staying in Orlando past the deadline or a trade that sends him to a contender, according to Robbins. He said he and the Magic haven't begun discussions about a new deal, and denied a report that he would seek a four-year, $40MM contract this summer.

11:50pm: Marc Stein of ESPN.com tweets that the Spurs also have interest in Redick. The Magic, from the start, have wanted no less than a first-round pick in return, Stein adds.

11:43pm: The Magic remain in discussions about possible deals involving J.J. Redick, but league sources tell Adrian Wojnarowski of Yahoo! Sports they wouldn't rule out the notion of Redick remaining with Orlando the rest of the season (Twitter link). Though Redick, in his seventh year with the Magic, has become a fixture with the team, the DeVos family, owners of the Magic, won't stand in the way of any deals, as Josh Robbins of the Orlando Sentinel tweets.

Several teams have reportedly sought the sharpshooting Duke product, including the Bucks, Wolves, and Grizzlies, who've all been linked to him just within the last 24 hours. He'll be an unrestricted free agent this summer, so if any team trades for him, it could merely be a rental, though the team would acquire his Bird rights. Still, Redick is frustrated by restrictions in the new CBA he believes are limiting the number of teams willing to take him on, as John Denton of Magic.com notes via Twitter. The Associated Press recently spoke with team officials and agents as they examined the inhibiting effect the CBA is having on trades.

Redick is making $6.19MM in the last season of a three-year deal with the Magic that was originally an offer sheet he signed with the Bulls in 2010. He's scoring 15.2 points per game on 45.4% shooting, both career highs.