It was certainly possible. Stupid, but possible.
Sheed was a $19 million expiring contract. he made almost as much in 2004 as Chauncey, Rip, Tayshaun and Ben combined. Memo was a restricted free agent (that we could not go over the cap to re-sign).
Had we cut sheed loose, we would have easily been able to match Utah's offer sheet for Memo and retain him. Joe actually cut Memo loose knowing he would not let go of Sheed, as a favor, allowing him to join Utah immediately.
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