Trade Him: Tyson Chandler. Expiring contract, health issues. I think his past titles speak more than his present ability. I would trade him prior to the season -- that is probably the best value you will get for him. Chances are he will be injured within 20 games.
Cut Him: Ray Felton. Cut the losses and run. If you could agree to a buyout, I would just let him go.
Pay him: Toure Murry. I think he fits the mold of a PG in the triangle. 6'5 defensive minded PG. I'd like to give Derek someone to work with that he can mold. I think Murry can be that guy.
Draft Him: Um, with what draft pick? I'd be inclined to fill out the roster with vets minimum players on 1 year contracts. I'd guess there are a number of players that would want to play for Jackson/Fisher. If they are serious about a run at major free agents next offseason, taking 1 year vets contracts over the 2 year 2nd rd pick contracts makes sense.