It would be a huge blow to the identity of the team. I think it will greatly affect Larry's decision of whether or not he wants to keep coaching. I don't think he will coach us if we decide to rebuild.
There was a rumor of us trading Wallace to Cleveland for Wally Szczerbiak and JJ Hickson, but thank god it turned out to just be a case of a journalist trying to create buzz.
Here's a link to his retraction: