The big picture that I'm looking at is the part where we waive a couple of good younger players in order to be able to hang on to old guys who have no value beyond ending contracts. I'm looking past the end of this season. From that perspective, the trade itself is unexciting, but acceptable. Sheldon Williams is nothing special, as the Hawks have already noticed, but his contract's small, the other guys are enders, and we get a second round pick. All in all, it works out about the same (2nd round pick versus not having SW's contract to pay) as if Bibby declined his player option this summer, which is okay. The decision on who to waive is what makes it unacceptable, and makes it seem like cost cutting rather than rebuilding, unless one or more of the aging scrubs is traded by Friday. Since the waivers probably won't clear until at least Monday, I don't really expect that to happen.
And that part of this whole deal really makes no sense. It hurts our future, and gives us nothing (beyond some pocket change savings for the Maloofs) in return.