"It was not an easy decision for us by any means," Hennigan said. "It was a hard decision, and I'll be honest with you guys. But when you look at it, you take all the different parts and you analyze what was available, we felt like this was a move we had to do to further the process of trying to create competitive team that's gonna be competitive for a long time."
Redick said this week that he was pleased with Hennigan's candidness throughout the season and remained open to the idea of staying in Orlando to finish the season.
He also told reporters after the Magic's loss to Dallas on Wednesday night that he recognized he could also be dealt.
"I can sit here and say I don't want to come back, I can sit here and say I do want to come back. Ultimately, it's their decision," Redick said.
Redick was a restricted free agent when he signed an offer sheet with Chicago in the summer of 2010, but Orlando matched his deal. With no restrictions after this season, the Magic had no guarantee that he would re-sign.
Still, the decision to deal Redick was not an unexpected move for a Magic team that has parted ways with a franchise player in Howard and last season's NBA Most Improved Player in Ryan Anderson.
Having been a part of all three decisions, the 30-year-old Hennigan joked that "I started dying my hair two months ago." He said knows fans will begin looking for results from the moves sooner than later.
"What I can tell you is this is a pressure business," he said. "It is what it is. We feel that pressure. We embrace that pressure. It's something that you really have to look at from, I think, a bigger picture and bigger perspective and understand that there are decisions you make because you believe in the process.
"And we believe in what we're doing. We believe in the way we make decisions. We believe in the research we do. It's our hope that our fans believe in that with us."
Follow Kyle Hightower on Twitter at http://www.twitter.com/khightower.