Inconsequential salary dump. Net effect, I think, is *slightly* negative for LA. Vlad Rad at least does one thing very well - shoot the long ball. For all of his other flaws (notably his Dickau-esque defense), he's at least a guy you need to worry about from outside. Morrison *could* still develop into a good outside shooter, but he's not there yet, he can't create his own shot, and he's just as bad a defender.
So, you move from a guy who's redundant but at least does ONE thing well, to a guy who's still redendant who does NOTHING well.