Let's say the C's could trade Rasheed away to say Philly(if Larry Brown ends up there) for Jason Kapono, I wouldn't mind giving O'Neal a deal of say 2 years and $6-8 million to be our backup center.
It would move Baby into his more natural position of mid range perimeter big, would lose us that third year of the Rasheed debacle of a contract and give the C's a great three point shooter coming off the bench in Kapono. With a resigned Tony Allen and enough money left over from the MLE to sign a free agent PG like Steve Blake or Earl Watson, that could be an interesting team next year:
Rondo/Blake
Ray/Tony
Pierce/Kapono
KG/Baby
Perk/O'Neal
and two draft picks and a vet minimum guy or two.
It might not be a perfect title contending team but if free agents move around a lot next year, this team in it's fourth year together would be formidable. It also would have Pierce, Kapono, Davis, and Perk coming off the books in 2011 and KG, Ray, Tony, JO, and Blake coming off the books in 2012.