I am not in love with any of these options. Some other options:
Sign Patrick Beverly to a two year way over value deal to fill the PG spot until the summer of 2021 when the team might have cap space for a player worth huge money.
Trade Yabu and picks for Saric(not my idea but I really like it).
Use the cap space to trade for Adams or Schroder from OKC.
Use cap space to trade for Myers Leonard.
Look at ways to sign Seth Curry as an off the bench sharpshooter which this team desperately needs.
Go after players on vet min contracts that need to rebuild themselves after not developing to expectations. Herzonja, Lawawu-Cabarrot, Chriss come to mind.
Bring everyone back...Rozier, Morris, Theis and use the MLE to add to team.
Just some other options.