After missing out on LeBron James, the Philadelphia 76ers have decided to bring back JJ Redick on a one-year deal.

The 34-year-old Redick is set to receive a contract in the range of $12-$13 million next season with the 76ers. Redick is coming off a career year in which he averaged 17.1 points per game while making 42 percent of his shots from beyond the arc.

It was also the second straight year for Redick to be awarded a one year deal. Redick joined the 76ers last season on an eye-popping one-year $23 million deal.

The 2006 first-round draft pick has been posting consistent numbers in the last few years by averaging at least 15 points per game in the past five seasons.

Redick is set to provide veteran leadership to the 76ers squad who ended a five-year playoff drought last season. Pundits say that bringing Redick back was the right move, most especially since he has learned to shine alongside Joel Embiid and Rookie of the Year awardee Ben Simmons.

During last year's playoffs, Redick increased his point production as he averaged 18.2 points in 10 playoff games. He has been widely known for being a lethal threat on the offensive end thanks to his accurate three-point shooting and his aggressiveness to attack the rim. He converted 90 percent of his shots from the free-throw line last season.

The sweet-shooting guard has been expressive during his tenure with the 76ers stating that playing in Philadelphia has been his favorite year. He has made it through the last 12 playoff postseasons, which included an NBA Finals stint with the Orlando Magic.

Aside from playing with 76ers and the Magic, Redick has also suited up for the Milwaukee Bucks and the Los Angeles Clippers.

"I think I said it on media day, it's the first time I'll ever play in a real sports town. It was awesome to play in Philly," Redick said.

With Redick taking less money, the 76ers are expected to make a run at guards Wayne Ellington, Seth Curry, Avery Bradley, and Tyreke Evans who are still available in the market. Besides going after a solid guard, the 76ers have been making their moves of possibly landing Kawhi Leonard. The team lost Marco Bellineli and Ersan Ilyasova in free agency this offseason.

As soon as the deal with Redick becomes official, the 76ers will be awarded a cap space of $14 million that could increase once they let go Jerryd Bayless. The seasoned guard currently has $8.5 million on his contract but pundits are certain that he is a candidate for a buyout.