Well, this leaves NO with no Center, and they actually end up paying MORE salary this year, putting them further over the luxury tax. And for Minni, they give up two of their 3 best young players for a mid first round pick in a bad draft, and a Center that NO is probably looking to give away for nothing.
I like it for Boston though.
Really, what would make a whole lot more sense for both Minni and NO is trading Mike Miller straight up for Chandler. This gives Minni their center, and NO saves about 3 million this year, and much more money next year, while also upgrading their SG position. Unfortunately, this doesn't help the C's much, but it fits in better with those two teams needs.