Portland's Future Considerations proposed 3 way
Not that I think it is going to happen, but if Portland is willing to be the third team in a KG trade. I think this will work with the cap.
James Jones (in a separate but related deal)
Reasoning. Portland balances its roster adding vet leadership and a quality starting SF in Marion. Oden, Frye, Marion is a nice mix on the frontline. Sends out a bad contract in La Frentz but also gives up a first next year to even it out.
Atlanta 2008 #1
Portland 2008 #1
Phoenix 2008 #1
La Frentz (11 million expires in 2009, big FA year)
KT (8 million expires in 2008)
Fernandez (or another young player from Portland)
Minnesota's options are dwindling but they get a great young prospect in Alderidge, and a prospect in Fernandez. They also get 3 firsts, all unprotected, and 8 million expiring in 2008 and 11 million in 2009.
Atlanta #1 2008
Phoenix #1 2008
James Jones in a separate but related deal
No explanation needed.