Redick to stay with Magic after Bulls offer matched

The Bulls' play for J.J. Redick has been rejected. The Orlando Magic officially matched the Bulls' offer sheet today, keeping the former Duke guard in Florida.

The Bulls made an offer believed to be worth $20 million over three years. The Magic was already well above the luxury tax threshold but decided to spend the $14 million - twice his first-year salary - it will cost to keep Redick around.

The Bulls still have around $12 million left to fill out their roster. At the shooting guard spot, they have been pursuing ex-Jazz and Grizzlies swingman Ronnie Brewer and former Spurs guard Roger Mason.

Orlando free agent Matt Barnes has vowed to announce his plans for a new team today. The Bulls could also take a longer look at Washington free agent Josh Howard, who averaged 19.9 points for Dallas in 2007-08, but tore his ACL in a game against the Bulls last Feb. 22.

The Bulls don't have much interest in Proviso East grad Shannon Brown, who is likely to stay with the Lakers.

Portland's Rudy Fernandez has asked for a trade and makes less than $2 million. During his first NBA season in 2008-09, the 6-foot-6 Fernandez averaged 10.4 points and shot 42.5 percent from the field.

Other free-agent guards include Keith Bogans, Antoine Wright, Rasual Butler, Damien Wilkins and Joey Graham.

Veterans like Tracy McGrady and Allen Iverson are long shots at best for the Bulls.