I've mentioned this a couple of times, but it seems to be worth repeating...I mean, at least to me...
Cutting him without waiting 6 weeks to find out who has offseason buyer's remorse seems short-sighted. If his non-guaranteed contract can be traded, perhaps with a pick (late 1st next year or 2nd rounder, depending) for someone better, then let's go with that.
Sure, he could be banished from the team until Dec. 15th, but there's no reason to cut him unless Danny wants to cut off his own nose, too.