According to this article, the Kings can actually get a nice $16 million traded player exception (TPE) from the Philly trade, IF they sign Rondo and WCS contracts first, to get them go over the salary cap, before making the Philly trade final.
That would be great to have a trump card of $16 million TPE to play with for more moves.
Quick, someone needs to make sure that Vlade is aware of this loophole to get the TPE, before July 9th!!!