With all the great content here on BE, it seems less and less likely that I'm going to post something that hasn't already been discussed, so forgive me if this has. It occurred to me the other day that one team more than any other in the NBA would have reason to value Rudy Fernandez, and it's not the Trail Blazers.
The Minnesota Timberwolves took a lot of heat for acquiring three point guards last season (Ricky Rubio, Ramon Sessions, Johnny Flynn). Rubio ended up staying over in Spain while Flynn had a promising first season and Sessions played some mostly mediocre backup minutes as I'm sure he realized taking more money was not always the best decision.
Rumors are that Rubio will come over this season to play for the Wolves, leaving them with a heavy over-investment of youngs PGs, and some serious pressure to please Rubio and get the most out of him. The SG position, on the other hand, is barren, even with much-improved Corey Brewer. Scoring, especially from the outside is a huge challenge for the Wolves as they look to compliment their strong(ish) low-post presence (Kevin Love, Al Jefferson, etc.).
Rudy would be a clear starter at SG for that team, would give them their best outside shooter, and make the ideal backcourt partner (and recruiter) for Rubio. Acquiring Fernandez could not only make the Wolves a better team, but save face in the front office by making the Rubio pick work out.
The Blazers are looking for the PG of the future, and the Wolves have nobody that is a clear fit. Flynn can certainly play in this league and has major potential. Other items/players that may be of interest to the Blazers include Sessions, Love, Jefferson, Nathan Jawai, Ryan Gomes, and the 4th overall pick.
I'm not saying the Wolves would trade the 4th pick or Al Jefferson for Rudy (it wouldn't work anyway). I'm simply saying there may be needs and desire that work for all sides, and when that's the case, trades find a way of happening.