The Bulls need another SG, they were obviously highly interested in J.J. Redick last season as they were willing to bed three years and twenty million dollars on him. The Magic, in an attempt to go for the ring, matched the offer.
However, with Dwight Howard about to flee the city, J.J. Redick making 13 million over the next two seasons doesn't seem like such a hot idea.
Much like the Bulls felt a year ago, he'd be a very solid starting two guard next to Derrick Rose. He provides the shooting the Bulls need, more ball handling than they presently have, and considerably better defense than Kyle Korver thrown into the same position.
The Bulls obviously coveted Redick more than Brewer or Korver given that they guaranteed him more than twice as much money as either. Part of that was trying to pry him away from the restricted tag, but if Brewer/Korver were their first choice, they'd merely have signed them outright and pocketed the cash rather than making an offer to Redick at all.
Now, the Bulls could likely swap either Korver or Brewer for Redick straight up, and the advantage with this deal is it provides significant salary flexibility for the team relative to using the MLE to improve. They get a better fitting player thrown onto the team immediately, but his contract only has two years and declines in value which fits the structure the Bulls would look for in avoiding the luxury tax.
Especially since the extremely punitive tax hits in three years, Redick will be off the books at that point and can be resigned for less or replaced all together.
The move could make sense along with using the MLE or as a stand alone move to better round out the roster. Redick isn't the type of player who will put the Bulls over the top, but he's a tough competitor who will add incremental improvement to the team and help round out the Bulls shooting woes.
I'd trade Brewer for him first in order to leave the Bulls with a deadly offensive lineup when you are swapping offense/defense at the end of games. The Bulls can bring in Rose, Watson, Redick, Korver, and Deng if they want max shooting or swap out Watson for Noah if they want the possibility of an offensive rebound.
The ability to throw four guys out there who can knock down an open three along side Rose on a one possession offensive trip would make the Miami Heat's ultra trap defensive plan they used on him at the end of games a high risk endeavor as one of the Bulls likely gets an open three eventually.
Trading for Redick isn't a home run, and I don't claim it as one. However, it's a solid single that makes sense financially and roster wise by itself or in combination with many of the other moves the bulls are considering.
Quick update on free agency:
Caron Butler is leaning towards accepting the Bulls offer, but that's silly because they haven't made one since they're sign and trading for Jamal Crawford which makes perfect sense except that they're not doing anything until they see if they can get Jason Richardson.
Or so the latest rumormill would suggest.
My guess is that the Bulls will end up with one of the three free agents named above or Vince Carter who can't officially do anything until the Suns waive him after the CBA has been fully ratified.
So far, there are no rumors surrounding Vince, so my inclusion of him in the list is based on personal opinion. However, I had heard no rumors about Richardson until yesterday when Mike McGraw tweeted the Bulls were holding up all talks until they saw if they could convince him to sign for the MLE.
As such, I'm not scratching Vince off the board just yet since he makes a lot of sense in many ways.
Deciphering what the Bulls want to do at this point would be mere guess work as there are so many contradictory rumors floating around that you can talk yourself into believing anyone is coming which is almost certainly exactly how management wants it.