first thing is that Londale for Timelord works. It would put Houston over the tax line but not over the 1st apron. It would also drop the Blazers far enough below the tax line that they could use the TPE from the Lillard trade....if they wanted. In fact,
if Londale's contract is not guaranteed, then maybe the Blazers can immediately waive Londale putting them 15M below the tax line. That could mean they could use their full-MLE (12.8M) as a trade chip. With the 250K auto-credit on top, that would mean the Blazers would have a 13M lever available to pry a 1st round pick from some team desperate to cut salary
now, I'm not sure all of that is accurate, but if it is, then leveraging a 1st round pick for Timelord might be less of a priority
right now, Houston's 2025 first would be the 27th pick. But Houston has the right to swap it's first with Phoenix; and currently, that Phoenix pick could fall in the 12th-15th range. Houston won't trade that for Timelord. Their 2026 first? maybe, especially if Houston believes they will be a top team next season
looking at their incoming/outgoing 2nd's, most of Houston's 2nd's will be late 2nd's and that's not very appealing, even if it was 3 or 4 of them. Still, to clear that much salary before the trade deadline might be enough to land an extra first, one way or the other
https://basketball.realgm.com/nba/draft/future_drafts/detailed