Unfortunately, I think the best we can do with Schroder is a multi-year full MLE deal (as long as we get under the tax). That may or may not be enough to get a deal done, depending on how the year goes. I have my doubts, though.
As for Marcus, we absolutely need to move him if he doesn't take the offer. We were incredibly lucky to get Schroder for cheap. While I definitely like Smart, he is slightly more expendable now than before. If we can get a semi-productive expiring along with a 1st, I think we need to pull the trigger. Bonus points if we are able to cut some salary allowing us to keep Dunn. Obviously we can send out Edwards and cash or include him in a Smart deal. If he is going to work out in the NBA, we aren't going to be the team on which it happens.