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Redick signs one-year deal with Philly for $23 million

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Los Angeles Clippers v Portland Trail Blazers - Game Four Photo by Steve Dykes/Getty Images

There will be no bidding war for J.J. Redick. Or if there was, it’s over.

The 76ers signed the Nets target Saturday afternoon, giving him a one-year deal for $23 million, Adrian Wojnarowski reports.

Following up on Adrian Wojnarowski report of early Saturday morning that J.J. Redick will have multiple offers, Alex Kennedy suggested at mid-day that there could be a bidding war for the 6’4” shooting specialist.

Redick had told the Clippers he won’t return to L.A. and Kennedy four teams were bidding for his services.

Bottom line, thought Kennedy, was a bidding war...

Woj said early Saturday that the Nets want to give Redick a two-year deal. He didn’t suggest any numbers, but there have been reports he wants between $16 and $18 million per. Meanwhile, Woj said Philly wants to give him a one-year deal but at $20 million plus, which they did.

No word on what Minnesota or Houston might have offered, but Minnesota’s interest —and cap space— was dependent on whether they succeed in signing Paul Millsap to a big deal.

A big offer to Millsap would just about close off the T-Wolves option for Redick. Redick didn’t wait.

Redick of course has a new $4 million condo in Brooklyn and has worked out at HSS Training Center during the off-season at the invitation of Jeremy Lin.

The Duke product becomes a veteran presence for the 76ers whose starting lineup is likely to include four players between the ages of 19 and 23 and either Robert Covington or Redick.