J.J. Redick wants to remain in Orlando, and the Magic are in no hurry to trade him. Nonetheless, GM Rob Hennigan has let Redick know multiple teams are interested in his services, and the team's losing is beginning to wear on the seventh-year veteran, who's said he'll look to sign with a contender if he's traded this season. That means Redick, in the last year of his contract, might wind up as a rental for whoever would be on the other end of a trade, but that might just be part of the plan.
Redick's $6.19MM expiring contract might be Orlando's best trade asset, and it wouldn't make much sense for a rebuilding team to commit long-term money to a 28-year-old who's started just 45 games in his career, despite how much Redick has grown on the team's new front office. He represents an opportunity for the Magic to package him with one or two of their less desirable assets, like Hedo Turkoglu and Al Harrington. The Magic would reportedly be seeking multiple draft picks in return for him, but a team in need of a shooter might be willing to bite.
The Wolves seem to have plenty of interest, and they've long coveted a shooting guard. They'd like to unload Derrick Williams in return, but the Magic aren't keen on that idea. Minnesota could wind up in the lottery again this year, and that pick could be intriguing to Orlando. The Wolves are over the cap, so they couldn't absorb Redick's salary without sending someone out. They could probably cook up a proposal around Greg Stiemsma and Dante Cunningham simply because they, like Redick, can come off the books after this season, but I don't think that would be enough for the Magic. Alexey Shved represents an intriguing prospect the Magic might want, but that's just my speculation. It would represent something of a gamble by the Wolves if they traded for Redick anyway, since it's not clear whether they're ready to contend if healthy, and Redick might not want to re-sign with Minnesota this summer.
A more logical fit might be the Thunder. They're certainly a contender, and they have the Raptors' first-round pick via the James Harden trade to dangle in front of Hennigan and company. They've been going with a shortened rotation this season after letting Daequan Cook go along with Harden. Still, even without Cook's gunning, they're 10th in the league in three-pointers made this season and third in three-point percentage, and Kevin Martin's outside game has been a major reason why. Redick, though more than just a three-point shooter, wouldn't really fit a need for Oklahoma City the way he would for the Grizzlies and Bulls, who are the only two teams behind the Timberwolves in treys made this season. Both those teams are reluctant to take on salary, which could make swinging a Redick deal tough, though it's worth noting that Redick's current contract was originally an offer sheet he signed with Chicago in 2010.
There isn't really a perfect match out there for Redick, and that's why I think he probably stays put this season. I'm not sure the Magic will re-sign him in the summer, preferring to take his contract off their books to create cap space they can either use in 2013 or down the road. Hennigan may prefer draft picks, but space and picks are usually the two most sought-after currencies for teams in Orlando's position, and I think they'd be just as content to take the space if someone isn't willing to bend over backward to give them the picks.