Cap space next offseason is my guess. Hills contract wasnt good when he signed it and him having the worst season of his career makes it even worse. Malachi and PapaG also dont have value around the league. They were bad picks to begin with and have looked bad since then.
When you trade Hill+Richardson for Frye + Shumpert you gain 10 mil in cap space at least (with a small chance at 20 mil if Shumpert does opt out). There are not a lot of teams with cap space next year and Kings want to be good the next season. It makes sense.
Based on the report, my guess is the Kings are currently trying to find a taker for Malachi to create a roster spot because the Cavs dont want him as he would cost them a lot of money.
That makes sense but it also makes me nervous. The good thing about all of our veterans right now is that none of them has a contract that lasts beyond next year (except Hill but it's a $1 million buyout which is effectively nothing). So when we need to start thinking about extensions for all of our rookies in 2019, there's currently no salary tied up other than the $8.5 million owed to Bogie. If we we end up with cap space this summer we're probably going to spend it and I don't like where that leads us. Actually, I'm more terrified of cap space at this point than pretty much anything else. When have we ever known this team to make good use of cap space? Greg Ostertag, Shareef Abdur-Rahim with bad knees, Mikki Moore, John Salmons, Travis Outlaw, Chuck Hayes, Marcus Thornton, Carl Landry, Marco Belinelli, Arron Afflalo, Matt Barnes. This year alone we're spending $40 million on George Hill, Zach Randolph, and Vince Carter. We already have 4 players on the payroll this year who are not on the roster because Vlade had to buy out the contracts he gave them less than a year later. And we don't have our pick next year because it was traded to get rid of Thompson and Landry.
I actually think we're in a safe place right now with the contracts we currently have -- a lot of teams make it through the "stockpiling rookies" phase of the rebuild relatively worry free. It's when you start tacking on salary to "accelerate the rebuild" that you run into problems. The types of free agents who sign with Sacramento are almost always mediocre talents who are already in decline and that makes them overpaid and unmovable. If we're making trades I'd much rather we just kept going after young players that fit with what we already have. We can bring in actual talent with trades, we almost never do with cap space.
I've also got a small nitpick with the George Hill comment. It was definitely an overpay but the year 3 buyout and declining salary make it palatable. It's also not quite accurate to call this the worst season of his career when he's having his best season (by far) behind the arc at exactly the same time that every playoff team in the league is desperate for more three point shooting to compete with GS. If that small fact weren't true we wouldn't even be talking about a potential George Hill trade because it would be a complete non-starter.