I think if we're going to be realistic about this, you have to know that a) the Kings are going to want something more than Ray, b) they're goign to insist that we take a another long-term contract, and c) we're not taking Udrih to back-up Rondo for 10 mins a game.
To me, the trade is: Ray, Baby, Giddens and 2011 protected 1st for Martin, Garcia and Kenny Thomas.
The Kings get frontcourt help in Baby, a pick and the financial and cap relief they need. They'd probably prefer to ditch Nocioni, but they should be happy to trade any one of their overpaid wings, and to me Garcia is by far the best fit.
Thomas can split time with Williams and Scal backing up the 4. He can still rebound and play physical defense. So can Sheldon.
The Mavericks are talking about throwing Josh Howard at the Kings. We're going to have to give up more than an expiring contract for a Martin deal to become realistic.