Washington is going to be looking for something sexier than that.
Okay, how about this:
What if Portland got the #5 by also solving all of Washington's short-term and long-term salary-cap problems? The Wizards really screwed themselves when they signed both Arenas and Jamison to big contract extensions last summer; now it looks like their team, even if all their key players get healthy, can't really compete with Cleveland, Orlando, or Boston in the East, and yet they're stuck in luxury tax hell for years to come.
Portland is perhaps the only team in the NBA who can (a) get them out of the luxury tax zone immediately, (b) give them substantial salary-cap space heading into next summer's free agent bonanza, and (c) still send back a couple of decent young prospects to help their rebuilding project.
To do this, Portland would have to take on the risk of big financial commitments... but I think this could just be the one big deal that legitimately opens the Blazers' championship window today while still keeping a lot of potential on deck for the future.
Here's my idea for how this deal could look:
For salary-cap reasons, this trade has to be done in two parts:
1. On Draft Day: Washington trades Gilbert Arenas and the #5 pick to Portland for Travis Outlaw, Martell Webster, Steve Blake, and the #24 pick.
2. On July 1: Washington trades Antawn Jamison to Portland for Jerryd Bayless and Raef LaFrentz (resigned to a new contract with one guaranteed year at ~$7 million per year)
Why Portland Does It:
1. The #5 pick gets you the PG of the future -- hopefully Rubio (maybe by packaging #5 with next year's pick for #2?) or take KP's choice of Curry, Flynn, Jennings, Evans, etc.
2. Gilbert Arenas. If he can complete his comeback from his knee injury, he is the PG of the present, and a guy who I think would really thrive playing alongside Brandon Roy. Other teams would have a nightmare defending that backcourt, and while I don't know if I'd like to rely on Gilbert as *the* franchise player on a team, I think he would kill as a second/third/fourth option. He's 27 years old and had near-MVP level talent before his injury; I don't think there's a more talented player we could possibly acquire.
3. Antawn Jamison. Here's the steady veteran some have been clamoring for for so long. I'd see him playing ~25 a night as the main backup for both forward spots. Maybe he could win a second 6th Man of the Year award.
Why Washington Does It:
1. Massive, massive cost savings. Outlaw and Blake have unique non-guaranteed contracts that can be traded now but waived before July 1; I think that means that Portland is probably the only team in the NBA that can make a trade that saves another team significant salary and cap space immediately. In this deal, Washington almost certainly waives Blake ($4M) and probably waives Travis ($3.6M) for $$ reasons. Doing this deal saves Washington $23 million next season alone -- instead of paying $16M to Arenas, $11M to Jamison, $3M to the #5 pick, and $7M in luxury tax, they only pay $7M to Raef, $4M to Webster, $2M to Bayless, and $1M to the #24 pick. Looking beyond next season, Washington sheds another $92 million in salary commitments to Arenas, Jamison, and the #5 over the next four seasons.
2. Cap Space in summer 2010. All kinds of teams have been scrambling to free up cap space to try to sign the marquee free agents coming available next year (LeBron, Wade, etc.). This deal would leave Washington with 11 players under contract at a cost of only $40 million entering that summer; that would leave them almost $20 million in cap space to chase new players.
3. Decent young prospects. The only two Blazers they'd be likely to keep from this deal -- Webster and Bayless -- would both have a decent chance to develop into key players on a rebuilding Wizards squad built around Caron Butler.
This would obviously be an extreme high-risk/high-reward move for the Blazers. Most notably, if Arenas can never play well again, we'd be on the hook for a lot of money. But this year's free agent class is frankly not that impressive, and I don't know if there would be any better way for us to load up on talent. If I'm adding things up correctly, we'd be able to just barely stay out of the luxury tax for the next two seasons even if we made this deal and signed Roy and Aldridge to big extensions, but then we'd almost certainly be paying luxury tax from 2011-14. Would Paul Allen be willing to do that? I don't know... but to me this looks like the 9-man rotation of a championship team:
PG: Arenas / [#5 pick (Rubio?)]
SG: Roy / Rudy
SF: Batum / Jamison
PF: Aldridge / Jamison
C: Oden / Przybilla
What do you think? Would you do this if you Portland? If you were Washington?
SR