How to spend the MLE is about third priority this summer.
(1) Is resign or S&T Ray Allen
(2) Is sign Pierce to a new deal
(3) Is the FA market place; top concerns are probably the status of Nate Robinson, Marquis Daniels, Tony Allen, more or less in that order. Some or all of the MLE may be taken up on those players.
(4) If the full MLE is still available after that, then the question becomes whether or not the owners want to dip into it again, and if so, by how much. I would not be shocked if the owners dont want to spend more $$$, and I can't blame them. This is, afterall, a business.
(5) Assuming they are open to using the full MLE, of the options mentioned, I like Josh Childress the best, and I think this may be the summer to get him since ATL will likely have its hands full trying to deal with the Joe Johnson situation.