Wallace to Cleveland for cap space?

According to an article by Yahoo!’s Adrian Wojnarowski, the ‘Cats are shopping forward Gerald Wallace around the league. A rumored deal with the Cavaliers has surfaced, which would see the Bobcats sending Wallace … and a first round pick to Cleveland for … cap space.

At least that is all that Wojnarowski reported.

Per the article:

The Cavaliers would use their trade exception to acquire Wallace, but have also pushed for a lottery-protected first-round pick for them to take on the two years and $22 million left on Wallace’s contract through the 2012-13 season, the source said.

Gerald Henderson has played well in Wallace’s absence, and has a great deal less mileage on his body than Wallace — who had played with reckless abandon for several years — has on his.

The Bobcats would get cap space and a trade exception from Cleveland and open up a spot for Henderson to play the 2 and Jackson to play the 3.

Undoubtedly, this would be a way to get some cap space, trade exception and get rid of some of the duplication of talent at the SG/SF position in an effort to be able to obtain some more talent in the middle, where the Bobcats are woefully thin.

What do you think of the Bobcats giving Wallace away?