“Believe me, he’s not going to wear green again,†said a team source who requested anonymity.
Seems pretty straight forward to me. Telfair only has one year left on his rookie contract and the team may just cut him outright this summer. 3rd string point guards are not that difficult to replace. I'm sure they'll hang on to him for a while, trying to include him in a trade somewhere along the line, but you have to imagine his trade value has dropped to "throw-in to make salaries work and later cut him" status.