Again, we don't really need a payroll deduction, but... like you said, the value is fair. I think Raymond fits a bit better in our type of system than Malone does, but Malones skillset would be missed. On the other hand, Malone has never played a full season (although has come close on three occasions) and a very similar role looks like it could be handled by Carter Ashton.
I wouldn't move him because he and Downs are our only pitbulls. Malone is seriously underrated here. Watch more TB games before judging him. Every line he gets put on does better because he's there. He had chemistry issues with Vinny, but worked them out.
Only real knock on him would be the injury thing. He's gonna get dinged up playing where he does and how he plays though.