Here's a list of what will come off the books, either now, by trade or at the end of the season.
K. Thomas: $8,801,198.00
Armstrong: $2,801,198.00
Sergio: $1,892,035.00
Hughes: $13,655,268.00
May: $825,497.00
Udoka: $902,693.00
That adds up to a grand total of $28,851,691.00. Thats not chump change. So we ended up trading Martin for Landry, who is a very good player and Dorsey who possibly has potential and a ton of cap space. Houston ended up gaining a first round pick in 2012. Big deal! If New York is sucessful in what they want to do, that pick could be down around 24 or 25. Plus they had to take Jefferies salary. I'd rather have the cap space this offseason than a pick in 2012 for some unknown player picking from an unkown spot.
This is a very good trade for the Kings. Not to mention that the roster is more balanced now. Yeah, I know Hughes is a SG, but his stay in Sac will be a short one.