HoopsWorld's Alex Kennedy broke the news via NBA" target="_blank">his Twitter account:
Source says the Indiana Pacers and Chicago Bulls are among the teams pursuing Orlando Magic guard J.J. Redick.— Alex Kennedy (@AlexKennedyNBA) February 10, 2013
The Bulls don't need to make a move and should avoiding trading for Redick before the fast approaching trade deadline.
As of now, the Bulls are playing very good basketball without their best player. They're in the fourth spot in the Eastern Conference, but trail Indiana for the Central Division lead by a win, with a game in hand.
Playing without Rose has forced the Bulls to come together as a team and get nightly contributions from every one of their players. The Bulls have a solid group of guys that are playing scrappy basketball that seem to enjoy playing with one another.
They don't need to drastically alter the makeup of this team. In the next few weeks, the Bulls will already get a big change in their rotation as Derrick Rose returns to the lineup.
The Bulls were interested in Redick in 2010 when they put in an offer sheet for the player. The Magic opted to match the offer and the Bulls signed Kyle Korver to be their three-point shooter.
What should the Bulls do as the trade deadline approaches?
The Bulls are better suited to stick with Hamilton through this season and reassess the position in the offseason. Hamilton's contract includes a team option for next season and the Bulls could let him go without having too much of a financial burden.
Redick will be a free agent after this season and will be looking to cash in on his best NBA season yet. He's averaging 15.5 points, 4.5 assists and 2.4 rebounds per game (all of which are career highs). He's doing so by shooting a career-high 45.7 percent from the field.
The Bulls are likely interested in signing Redick to a long-term deal rather than using him as a rental down the stretch of the season. Locking up Redick to what is likely to be a heavy contract doesn't make much sense for the Bulls with a bunch of other large contracts on the roster.
With more than one team interested in Redick, the Bulls can't afford to get into a bidding war and part with multiple pieces. Having the pieces and picks that they would use to get Redick could also be valuable if the Bulls decide to make a bigger deal involving Carlos Boozer.
The Bulls don't need Redick and are better off avoiding a trade. Getting a good three-point shooter will be tempting, but the Bulls will be better off in the long run not making a move.