Of course there should be an unprotected pick or two. But if you think about it, this trade makes more sense than it looks. The Bobcats are actually playing better ball since MKG got injured and Wallace is an energy guy that will play hard night in night out. That kind of energy motivates young teams.
People are so high on MKG. The kid was drafted second and is averaging 9pts 5rbds. Very bad 3pts shooter and no good FT shooter. If the 2012 draft was redone, he won't go top 5, maybe not even in the top 10
So yes, for a team that wants to win games, and lots of them this year, it makes a lots of sense. Throw in the nets (hawks so far) pick and there is a big chance they take it.