Hrm Raja would make sense on the Lakers...an upgrade over Vujacic to be sure. I really hope they don't get him.
I'd say the Spurs would like him, too, but I imagine they've got enough wing depth at this point. The same can probably be said of Cleveland and Orlando, although I'd take Raja over Anthony Parker or Matt Barnes any day or night of the week.
There are other 'contenders' that might like Raja Bell's services (Denver comes to mind), but they probably wouldn't be willing to spend.