I like Diaw quite a bit. I don't like Wallace because he can't shoot. Once again, substitute Diop and Bell for Wallace and it becomes a better deal.
The Bobcats are for sale. Some team is going to exploit the fact that they need to clean up their salary structure to make the franchise more marketable.
I agree that this deal works better for the C's, but I still don't think they go near it, because of the money Diaw and Diop are owed.
Danny and Wyc have been clear that they are willing to spend for the "right players", and I would find it hard to believe that they consider Diaw and Diop to be those guys.
Now, if they were able to turn it into a 3 way deal with Diaw and Bell coming to Boston, and Diop going elsewhere, it might work.
Perhaps a 3 way with Charlotte getting Allen and the 27th pick, Memphis getting Diop, and Boston getting Diaw, Bell, the 12th pick, and a nice trade exception.
That gives Charlotte some nice cap relief, as well as a veteran SG to help them make a run at the 8th seed this year, and hopefully sell some tickets. It gives Memphis the defensive big man they desperately need without having to give up anything more than cap space and a late first rounder. And for Boston they get a decent SG in Bell, a versatile PF in Diaw, a pick to maybe grab someone like Hendersen, or to then try to combine with the trade exception (of about 5.5 million) and turn it into say, Kyle Korver, and the 20th pick.