Peja = Michael Finley II, an aging guy that can still put the ball in the rim from outside but who is so horrible, horrible defensively at this point in their career that you simply cannot put them on the floor.
Rip Hamilton, he's not the player he once was but he could still be a very solid rotation player. Not sure he's as desperately needed as we might have though early in the year, since Quis has mostly kept himself injury-free all season (knock on wood).
Still, who to unload to bring in someone? Wafer's playing better, but is probably still the most expendable once Delonte's back. Next up would probably be 'Gody, but it's hard to see them just cutting him for a couple-month rental on Rip.
And, I don't see much in trades; Nate would be expendable with Delonte back (and with Rip and Quis still in the rotation), but it would either have to be a trade to a team with cap space/a trade exemption or a 2-1 deal. BBD, I know a lot of people are hating on but he's versatile, helps back up both the 4 and the 5, and can still help us win some games. He's flawed, but more useful to us than to most other teams.
I don't know... I think they try and see if Delonte's going to be good to go for the rest of the season, and if so Wafer's still the most expendable.
Sure wouldn't unload him to sign Peja, though, or to bring back 'Sheed. I would absolutely to bring in Rip, but unless he's willing to leave a lot of money on the table for Detroit, it's real hard to see how they'll end up buying him out.
Why would Detroit do a buyout, anyway? If there's no basketball next year because of a lockout, they aren't going to be paying him in '11 - '12 anyway.