My problem with that list is that a majority of those guys aren't available. The real question I guess comes down to which available guys did we choose Sheed over?
Powe - not likely to play this year, still can be had without MLE. If we don't keep him (and for the record, I hope we do), it's not because of Sheed, it's because of his knees.
Davis - we don't need the MLE to get him; that said, probably not enough PT for both him and Sheed - if we can use Davis to get a perimeter asset or backup point, then that factor has to be considered; if we let Davis walk, we'll have to cross that bridge. For the record, I think Wallace is a better player over the next two years.
Pachulia - maybe we could have gotten him, but I belive he's restricted. I also definitely prefer Sheed.
McDyess - I think Wallace is a better player, but if McDyess goes for less money, it may have been a mistake to go for Wallace instead.
Gortat - I think Wallace gives us more versatility with the ability to play 4 and 5, so I think he's a better fit. I also think Gortat's more of a risk.
Andersen - one trick pony in my mind, though as with McDyess, we'll have to see about the money in the end.
Odom - out of our price range.
Millsap - restricted, out of our price range.
Given what was actually available, I'd rather take my chances with a proven player who has the ability to play both inside and outside on both ends of the court, and one who, contrary to assertions, actually had the third best rebounding rate of his career last year.
I will say, I would have been very interested in getting Jeff Foster from the Pacers for Scalabrine, Tony Allen and one of our young guys, if that was possible. But bear in mind, Foster makes more over the next two years than Wallace, and we still have Scalabrine, Allen, and any other part to trade for a wing player.
I think this was the best move for our team. Questions remain as to whether we'll follow it up properly by addressing our wing needs. And I don't think Wallace is done, I think he will have a very good season this year. While I think he has declined a little, I think the situation last year with a weak coach and a complete lack of camaraderie on that team made Wallace's numbers seem worse than they would have been.