Well, I think if they need a roster spot, they will make a trade rather than cut someone (although it will basically be the equivalent of cutting them).  As for who would be the victim, I think it would largely have to do with who they were signing, and the position they played.  If they sign a wing, I think Wafer would be the guy.  If they sign a big man, perhaps Harangody.
Ultimately though, I think this is all very unlikely unless someone very good becomes available for whatever reason.