I feel bad for him but this isn't a bad thing for the team this year, it opens up more minutes for Reed without the potential of Knight being disgruntled on the bench. Maybe some teams will forget just how awful he was this last season also and look to the first 4 years of his career as far as what he's capable of. It's obvious he's a bad fit and we won't get the value we paid for him but hopefully we can move him without costing us anymore.
It may actually be easier to trade him after a year on the shelf than it would be this offseason. He'll have 1 less year on his deal, leaving just 2 years and $30 million remaining, which will look a little better after another year of crazy contracts because of the increased salary cap. If we have to include an asset to trade him, like the Miami pick, we'll know where that will be next offseason/draft.