Good news. Hopefully we get a trade exception or Rudy Fernandez in exchange (there is still hope, who knows?).
But if it's a buyout or a trade exception I don't want us to sign Larry Hughes for the vet minimum. I'd rather have Flip Murray.
I think the trade exception is unlikely at this point. The statement from Danny to me likely says he's tested the trade market for the exception, and the teams with the cap space to make it happen, are looking for a first round pick. That's why the buyout is most likely, now he may just be playing hardball there. Bluffing that they'll just buy him out very soon, in order to make teams pull the trigger for the 2nd rounder, or risk getting nothing for their open space this year (they may hold the space till trade deadline anyway, as they can be valuable as a third team in a deal that can absorb an expiring deal for a first rounder, and allow another team to pick up the contract their looking to) if nothing comes up at the deadline.
Bird in a hand philosophy, if a team has 14mil in cap (which SAK and NJN do) getting a second rounder for renting it to absorb Sheed's deal is better than nothing. So if they really think Danny would rather buy the deal out than give a first rounder, they might be.