Mem to Sac – Walker, Jaric, Conley
Sac to Mem – Udrih, Thomas
Sac to NOH – Moore
NOH to Mem – R. Butler, Armstrong

This should work through the salary cap (as soon as Beno will be available). What this means for the teams:

Memphis – getting rid of contracts of unplayable Walker and Jaric and lose Conley who does not seem to be used at the level he is supposed here. Instead, they receive a solid pointguard and a solid swingman, a horrible contract of Thomas (still better thatn Walker’s though) and a potential backup in Armstrong (not that they do not have enough of them).

NOH – they will get an enthusiastic veteran PF (their weakest point of the bench perhaps) with some playoff experiences, but, mainly, with a big heart. They get rid of their non-performing back-up big man along with a potential starter at 2 (still, Butler is a solid back-up at best).

SAC – getting a potential pg of the future along with two horrible contracts lasting beyond 2010 (to be honest, I am not sure what buyouts can and cannot resolve). They will get rid of Thomas’s contract and the departure of Moore would clear the space for JT and Spencer. The only question from the sac’s side is in my view whether those two contracts can be cleared before 2010.

In that case, the only team who might be not satisfied enought is NOH, in this case I would suggest to add Quinton Ross as a piece of trade (Memphis would basically swap him for Butler and the benefit of the departing contract is simply huge making them signicicant free-agency player in both 2009 and 2010). I don’t know whether this would work, though.

On Sacramento’s part, there is one more benefit, particularly in terms of playing time as neither Walker nor Jaric would perhaps claim for the roster spot. That gives three big men (Miller, Hawes, Thompson) and one back-up in Shelden as a main rotation.