Not just free agents, but friends, teammates. it's not a great look in the locker room, and could hurt the chance of re-signing players before July 1st.
I mean, if it's a deal you have to make, I think you worry about what potential free agents might think about it for another time. With team morale, the team stinks as it is, and without Schneider would be absolutely dreadful. By the time the rebuild (which is what trading someone like Schneider would mean) is even close to coming to fruition, it would be a distant memory.