Doubt you'll see the Spurs deal with a "contender" (or any deals between NBAs "contenders" for that matter) before the trade deadline. Lottery-bound teams looking to create cap space or go into full-blown rebuild mode (Bobcats, Blazers, 76ers, Grizzlies, Celtics) will deal with the contenders or amongst themselves.
On your trade....
Duhon makes some sense for a legit backup PG, but he is either starting for them or the first guy off the bench....they obviously value his prescence.
Sefolosha is a versatile guy they see playing at least two positions and being important to their future.
Khryapa is interesting though. He's a kid that obviously has talent, fills a need for the Spurs (can play 3/4), and doesn't get much "burn" in his current situation. I could see the Spurs going after a guy like him, but again, I think it's unlikely you'll see a deal between two "contenders", even if it is just for "peripheral players".
Theoretically though, a Beno for Khryapa deal works straight up...

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