I have Chauncey's bird rights, so I'm going to be offering him a day 2 contract. If you want him, make an offer. I'd be looking to do one of 3 things:
1) Package him with a starter to upgrade that starters position.
2) Trade him for some really good depth.
3) Trade him for draft picks/prospects.
I would trade Deng and Cato for Battier and Billups.