If Portland doesn't make a trade then his dollars come off of Portland's cap in the 2009 offseason. Combined with renouncing the rights to Frye and others, KP could have more then a max contract worth of capspace to play with. Most here have focused on Free Agency, but they could also make a deal where they take back far more in contracts then they send out. IMO thats at least as likely as scenario as making a mid-season move.
STOMP
I also agree that this is where we are headed.
In the recent past, I was a big proponent of a consolidation trade being done prior to summer 2009.
I didn't really trust free agency to produce an impact player at anything short of an insane contract that could hurt us later. I didn't trust that sitting on so much talent would allow our bench players to be showcased, pumping up their trade value to needed levels.
Events have changed the equations.
The team is winning and thus extra reluctant to make a mid-season move at this time, unless very lopsided.
We have been talking for a while about upgrading the 1 and/or the 3 spot. Yet, short of a prime star player, how will we upgrade the play at either position significantly? Look at the plus/minus numbers for our team by position and it shows the 1 and 3 spots are not weaknesses. The platoons we have been running have been holding their own. When you consider integration time and court chemistry, a trade - even a good one - could be a step back at first.
The need to "showcase" certain players has waned. Frye and Diogu are playing so poorly, showcasing crap play wouldn't help their trade value. With Frye's demotion, Outlaw will get extra minutes, and potentially increase his trade value. Bayless is being stashed - no need to showcase. Sergio is finally getting the showcase time he needs.
Coming into this season, the expiring assets were Raef, Webster, Frye, Diogu, and I would argue Sergio if he had been benched another season.
Webster got an extension, solving that.
Frye and Diogu have played their trade value down to zero.
Sergio whined and played his way into the rotation.
The only expiring asset we have is Raef's insured deal.
If at the trade deadline a team offers a crazy deal to KP for that $ savings - great. If that doesn't happen, I agree with Stomp that he will clear cap room and attempt to make a lopsided deal with the cap space. If he has some room leftover, he can nab a free agent backup Power Forward to replaced the waived Frye/Digou duo.