I'd take a flyer. As much as I'd like to trade Meyers, Davis and Bogut would be too similar - so Davis or Crabbe for Bogut. He'd instantly improve us defensively, rebounding and toughness.
Bogut totally makes sense for Portland, an oft injured Center. He can join the stable with Ezeli. Bring him out only for the playoffs and hope he stays together. Seriously though I hate Bogut, he's such a bitch, but then again we could really use an enforcer like him.
Every time I watched him last season, he was in foul trouble by halftime, so Kerr hardly played him in the 2nd half. He gets good defensive stats by fouling. Those limited minutes weren't always caused by injuries.