I think this is a solid move for the Wolves too. Quentin will help them at the wings... he's also an expiring contract. Also it opens some roster spots in case the Wolves see some young talent about which they can offer some 1 year deals etc. to fill some of their needs and improve their depth. Maybe help sign some of their free-agents like Carney.
With Al Jefferson, Kevin Love, Darius Songalia, Ethan Thomas... Craig Smith wouldn't have been of much use.
Telfair, well they have Flynn who they want to groom.
Madsen? Who cares.