I'm waiting, but it sure seems like Danny is "pretending" to shop sheed's contract, then they'll just let it expire to save money. If so, that's a terrible basketball move. it sure seems like he could jump in with sheed's contract plus a second rounder for redick, or Morrow, or Miller, etc. and enticed the trading team into at least getting second rounder instead of not getting anything for letting their FA walk.
Basically, he seems to be letting a lot of players pass him by.
Looking at what Morrow, for example, is signing for, seems like danny should have been more active in shopping sheed's deal for a big man (like the other Al Jefferson threads have mentioned), then using the MLE on a wing. Hopefully he's working hard and is close to inducing a s&t or straight trade with Sheed's deal, but no smoke yet.