With only $500K guaranteed of $4.6 million, his trade value is to a team looking to dump salary. IF they find a taker, they'll likely be looking to get a talented role player (as he is) who may be overpaid, but look to get a pick as well. Then Delonte gets cut by Aug 5th and becomes an unrestricted FA, but not until Aug. 5th, when the FA market should hopefully have sorted itself out.
Meaning...
Delonte could be one of those players that becomes available for very cheap money.
This is bad news for TA, of course, as not only is Marquis Daniels looking at his spot, but Delonte will be available for close to the same money as well (2-3 million), maybe even less.
Comparing TA and Delonte, I think Delonte's superior in ball handling, decision making, and far better in shooting, as well as better with the ball in the clutch. They're nearly the same height, and both have a history of injury, though TA's history includes major injuries, and Delonte seems to have little things nag him throughout the season, missing games here and there due to back spasms, etc. I don't think TA is THAT much better on the defensive end than TA, though I give the nod to TA. All in all, I think Delonte is a better player, and represents the sort of role-player talent we could pick up for 1/2 the MLE if Danny is patient this summer.
EDIT: Gomes has a similar partially-guaranteed deal for similiar money (more than he's worth). He could face the same fate as Delonte this summer. Split the MLE and take both?
EDIT #2: Heck, Gerald Green is still out there in Russia or wherever. Perhaps in addition to getting Delonte and Gomes back, we could sign GG for the minimum and the fans of CB could enjoy both our new team AND the old one! WOO-HOO!