Tyreke Evans's stock is at an all time low. For the Kings, he is worthless. From what I see, they are going to part ways with Evans anyway (they're keeping Marcus Thornton from the looks of it) and my impression is they'll use Evans as lubrication for a bigger trade. I'm now quite convinced that the value of two mid-late picks in a great draft like this is worth roughly the same as Evans to the Kings.
Why?:
For the Kings, Tyreke Evans is essentially a dead project. He has problems with DeMarcus Cousins (which means it's possible that other teams to negotiate a lot). They have plenty of holes in their roster that I think our picks can fill. Right now nobody else can offer two first rounders for them to retool as far as I know.
For us: I believe the KG rumor which says he's staying as long as the roster stays mostly intact. I also believe that Ray is leaving for the money. The team is also very old and is very perimeter based at the moment. We also have nobody to handle the ball outside of Pierce and Rondo. If KG is coming back, I think Evans would be a great addition for another season or two of contending.
Straight up trade:
Kings get our two picks
We get Tyreke Evans and their early 2nd round pick (or Jason Thompson)
Assisting a third team, e.g. the Grizzlies:
Kings get our two picks, Rudy Gay
Grizzlies get the Kings's pick
We get Tyreke Evans and the first from the Grizzlies/Darrell Arthur
OR
Kings get Rudy Gay, Zach Randolph
Grizzlies get Kings' fifth and our firsts
We get Tyreke Evans and Kings' early 2nd (or Grizzlies' first)