First we were rumored to be interested in Temple & now we reportedly attempted to sign Terry. The Temple rumor made sense if we were able to acquire him on the cheap (which apparently wasn't the case) as he would have allowed us to (attempt to) replicate the defensive style of play that we had success with while Exum was starting at PG to close out the season. Terry makes a little less sense to me due to the fact that his presence would likely change our style of play. This rumor leads me to believe that we are more concerned with upgrading without using valuable assets in order to do so. If that's the case then maybe we will look into signing Norris Cole or trading for Mario Chalmers (if it's in a salary dump). The Terry rumor could also indicate that we are looking to add a veteran presence in the process.
Personally, I believe that we should be looking to acquire a buy-low candidate such as Brandon Jennings (who may be available due to the Reggie Jackson extension in DET) or Avery Bradley (who may be available due to the excess of guards currently in BOS). Obviously the price is the determining factor, but if Bradley could be had for a 1st rd pick + salary filler, I see him as an ideal candidate due to the fact that he would provide elite perimeter defense, an offensive upgrade over our current options (as well as this year's version of Exum), & a reasonable contract (which will only become more reasonable as the salary cap increases) that extends beyond next season (although these reasons could cause the asking price to be higher than we're comfortable paying). Acquiring Bradley could also cause a potential logjam if/when Exum returns as I'm sure the FO still envisions him in the long-term plans (along with Burks, Hood, Hayward, possibly even Burke, etc). Either way, if there is truth to these latest rumors, it would appear that the FO is exploring all options to improve the PG position.