The Utah Jazz leveraged their position as a cap sponge brilliantly in this signing. Yes, they took on two horrible contracts, but in a year that the Jazz wanted to focus on developing young players, making the playoffs or posting a good record is not really the main objective. Those contracts also expire in one of the strongest free-agent classes to date, giving Utah only $24 million on the books in 2014.
The 2014 and 2017 unprotected draft picks are also great for Utah, specifically 2014 given the supposed strength and depth of the draft. If this year does go poorly for the Jazz (which it probably will), the Jazz will have a lottery pick and a late first-round pick in one of the best drafts to date.
The Jazz also add Rush who is a good three-and-defensive-type player, whose contract also expires after 2013-14. For a team that seemed like they were losing everything in this offseason, the Jazz effectively used their weakness as a strength.