The Magic are willing to re-sign Redick to a deal near the mid-level exception of $5 million per year, but sources say Redick's agent, Arn Tellem, will likely start the bidding at four years, $40 million for Redick on the free-agent market.
But the story goes on to say:
Redick won't get that kind of a deal, but teams with interest in the guard tell Yahoo! Sports they could be willing to pay him in the range of $7 million annually.
I think many Magic fans imagine a starting contract at $7M "fair." This could level out to 4 years and US$33,000,000.00 (7, 7.8, 8.8, 9.4 ; or something like that)