I think this makes a lot of sense for Bowen to wait until February to catch on with a team. It allows him to rest his old legs, and really make an informed decision when deciding which team to go to.
I also like this for the C's. It adds a nice option to go after midseason, after they give Walker and/or Giddens a chance to earn some minutes early on, and eat up some time with their young legs.
With the bench the C's have, it will be much easier for them to throw someone like Walker out there, since he will have much better talent around him than he did last year, which will help to hide his weaknesses much better. Then in February, if he hasn't stepped up, they can go after Bowen, or another buyout guy (maybe Pavlovic), or make a trade using their expiring contracts.