
Michael Redd - risk vs reward
Jennings is not leaving mate

Not quite true that bucks can offer redd's salary to another player. Depends on what the next cap is but it will almost certainly be less than this year. So at most the bucks can offer about $6 mill to a fa before they will hit cap.
Doubt bucks will let Jennings go with couple cheap rookie contract years left. He's not a true pass first PG but he is still a valuable player and has some ceiling left I think.
If redd wants to contribute as a scoring role player off the bench for 1-2 mill I think the bucks should keep him

Jennings could be moving on after this season to play over in Europe. Jennings has said a few times that he's more interested in playing overseas atm than the NBA.
Would be an opportune time for the Bucks to really hunt for a decent PG considering if Jennings heads off, there's the combined salary of Redd and Jennings to offer.

The same question could be asked with relation to Yao. I think both guys would fit well on a contender on small contracts. They both still have a lot to offer, just not in their previous "franchise player" type roles.

He might be worth throwing a mill/mill and a half at for a team that wants to bring him off the bench as an impact scorer - but with his injury history not sure too many clubs would invest anything other than spare change on him.

Redd is going to spend the rest of his years as a role player off the bench.
Personally, it's time for him to go. He's been a sinkhole for money for the team and has unfortunately been paid to sit around and do nothing. Bogut stepped up offensively after Redd was injured in 08-09 and has become the focal point for the team. Milwaukee have been a far better team in the past 2 seasons without him.
The money is better invested in other talent. Besides, John Salmons is doing his job and CDR has proven to be a very handy scorer off the bench along with Corey Maggette.
