With Bogdan and wether to match or not, it comes down to this: ask around the league how much interest there would be at the trade deadline for him with his trade kicker. If there is none, let him go. If there is something and you have a gentlemans agreement that you will get something of value for him, then match.
This discussion on our strategy is an interesting topic and probably warrants its own place other than this free agency topic. Since there isnt one (and this post can be moved in there if its created) I will ask what is the probable route for this team to become a legit contender? How will it happen without cap space, without valuable trade assets and zero additional 1st round picks?
Its very hard for me to imagine even slightly realistic path for that to happen so why not start over? Clear the cap, gain future assets by dealing your vets that are tradeable and take bad contracts for future assets. I've been heavely recomending that for over three seasons but we've never done it,
we,ve never truly rebuilt. Its a tough three years to go over a real rebuild but if it were started 2017 when there wasnt a real chance for us to compete, it would be pretty much over by now or at least we would be lot more flexible with our talent being much younger and cheaper.
Here is a discussion about this subject from three years ago:
https://community.kingsfans.com/threads/rebuild-strategy-or-we-want-lins.68592/
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There is 20 pages of discussion in there. I would suggest that we dont do the same mistake as three years ago and pretend that there is more value to battle for the seeds 8-12 rather than securing top draft pick and gaining future assets. Especially since we are now in a situation where our franchise player is already extended so we dont need to worry about him leaving (without hefty compensation) and since we really need another star level player in order to truly compete.