The Lakers just traded their scrub small forward Vladimir Radmanovic to the Charlotte Bobcats for small forward Adam Morrison and guard Shannon Brown. Vlade wasn't really playing over the last few games, even with Bynum out of the lineup, so he won't be missed whatsoever as all he could do is make an occasional three pointer.
Also, his long contract which runs through the 2010-2011 season is now gone which will help the team resign free agents Lamar Odom and Trevor Ariza. On the other hand, the Lakers get Morrison, who was the third overall pick in the 2006 draft after he lead the nation in scoring at Gonzaga by averaging over 28 points per game.
He is a better player than Vlade as he can create his shot better than Vlade can and is also a very good outside shooter. He, like Radmanovic, doesn't really play much defense. Also, Shannon Brown is a solid backup who can be a decent contributor if there is an injury to one of the guards of the Lakers.
Brown's contract expires after this year, so if he doesn't fit with the team, then they can just let him go. Morrison's contract runs through the 2009-2010 season and he has a good chance to get better as he is only in his second playing season as he missed all of last season due to an injury.
On the other hand, Vlade wasn't ever going to become a better player than what he already was. Now, the Lakers' bench looks like this: Farmar, Sasha, Morrison, Ariza, Powell and Mihm with Brown as a third guard. The trade isn't the big trade many people thought the Lakers will make after Bynum's injury, but I think it is a solid small trade that will help the bench.
Overall, the Lakers get a young player who can improve and maybe become a solid contributor off the bench as a good scorer and a solid backup guard who can play both the point and shooting guard positions in case of an injury. They also get rid of Radmanovic who I thought was a negative to the team and his long term contract.