So who knows how legit this interest is, and I know Hoopsworld has been off with Bulls stuff in the past (think Jamal Crawford two offseasons ago), but I figured this was worth posting just for the discussion:
The Bulls' interest in Redick makes sense, as they signed him to an offer sheet in 2010 that the Magic ultimately matched. And of course the Bulls ended up with Kyle Korver. Redick is now in the last year of his deal ($6.2 million) and is having the best season of his career, averaging 15.3 points, 4.5 assists and 2.5 rebounds on 45.2 percent shooting overall and 39.9 percent from three.
The Magic are looking for expiring deals and future first round picks (or young talent) in exchange for Redick, and the Bulls do have those assets in their possession. Richard Hamilton is not quite technically an expiring, but he can be bought out for $1 million next season. The Bulls then have other options of who to package Hamilton with, including either Marco Belinelli (basically a poor man's Redick) or two of Marquis Teague, Nazr Mohammed and Vladimir Radmanovic. I'm assuming the Magic would be somewhat interested in Teague and who knows what he'll ever be with the Bulls.
Then we have the Bobcats pick, which would likely be absolutely necessary to include for this deal to be consummated. The question becomes whether the Bulls would be willing to include that pick for a potential rental. If there was a guarantee that Redick would re-sign the decision may be easier, but if not, would they be willing to toss it in and not have it at their disposal for a possible larger move down the road? It's a tough call, but one I would strongly consider.