But huzzah! There is another way to use the cap space: to carry other teams' baggage for a small price. A report from the (great-)granddaddy (he's old, get it?) of NBA trade rumors, the New York Post's Peter Vecsey:

Via CrownedPotential FanShot.

The Kings could take on a veteran with an expiring contract to allow contending teams the flexibility to make bigger moves … and grab a draft pick in the process. There aren't any obvious options, but as the March 15 trade deadline approaches, the candidates will become more clear. While, like everyone else, I long for the Kings to be the team making a big move to land a substantial contributor, in the interim — meaning between now and July — I'm OK with using the cap space as an asset to pick up a more tangible asset. In other words, the 2011-12 cap space is going to be useless on March 16, so let's do something with it, even if we're disappointed with having that cap space.