The Magic have agreed to trade J.J. Redick to the Bucks, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). According to Wojnarowski, Milwaukee will send Doron Lamb, Beno Udrih, and Tobias Harris to Orlando in the deal (Twitter link). Along with Redick, Gustavo Ayon and Ish Smith are heading to Milwaukee, tweets Wojnarowski.
After a flurry of Redick rumors leading up to the deadline, the Bucks emerged as the frontrunners in the hours leading up to 2:00pm, as the Spurs, Pacers, and other suitors fell out of the running. While it initially appeared that Milwaukee was targeting Redick to replace Monta Ellis if Ellis was part of a Josh Smith trade, the club ultimately pulled the trigger on Redick anyway, meaning the sharpshooter will join a backcourt that features Ellis and Brandon Jennings.
Meanwhile, the Magic had been seeking a first-round pick in exchange for Redick, but will instead acquire a pair of young prospects in Lamb and Harris, along with Udrih's $7.37MM expiring contract, which will come off the books this summer. According to various reports, the only first-round picks Orlando was offered for Redick would have been very late in the first round. Given the value of draft picks and rookie-scale contracts in the new CBA, teams seemed reluctant to give up any picks better than that.