He's washed. The last thing this team needs is to use a roster spot on a washed vet that either won't play or will get minutes that ought to be used on younger players.
In general, I'd disagree. I think there's value in having a veteran presence that can provide wisdom and leadership. If financial considerations didn't matter, I'd rather have Milsap than Fernando or Bol, etc.
But, financial considerations do play a role, and there's no way we're cutting a guaranteed salary to add Milsap.