He would have been better off to be like Grady Sizemore and send them to someone he knows and loves, as opposed to an employee of the organization. Though stupid, the first is a bit more forgivable. I don't see anyone trading for him, and would imagine the iron first of David Stern would stop any transaction involving him right now.
But, I also believe that given time this can blow over. He sent pictures...yeah, bad and stupid. But if the evidence shows he didn't push this any further, he can deal with his punishment and then move on...lesson learned.
I'm not for one second advocating what Ellis did, but I also think this is different than a child rapist...