If I were management, how would I most want to proceed? Well, I think the ideal situation would be to have a top 8 rotation plus scrubs. A legit, and clear-cut starting 5 with 3 good subs. In an ideal world, one sub who could rotate into both the 4 and 5, one who could rotate into the 2 and 3 and a back-up PG. Trying to find minutes for 10 players just doesn't work, nobody seems to get into a good rhythm being subbed out all the time. Camby and Batum are quite possibly the ideal back-ups. Camby can play 4 or 5 legitimately and be extremely effective at either. Batum likewise at the 2 or 3. We're close, we just need 1 or 2 doable pieces for this ideal Blazer world to come true.
Step 1: In order to make any free agent signings, we'll probably have to 'amnesty' Roy's contract if that ends up being possible...not a popular move, but the right business decision for the club. He'll still get paid regardless and though he won't be happy about it, you can't put together a truly competitive roster when you're paying a bench player $15million for 15-20 minutes a game. Paul Allen has deep pockets, but he's a businessman, not a philanthropist.
Step 2: With the newly acquired cap room (well "cap room" may be an overstatement, but at least we'd have much less luxury tax to pay with a signing), sign a free agent Center who is a legitimate starter. Obviously Nene, Gasol, Jordan or Chandler would be great, though even Dalembert would be good. (If Oden returns someday...all the better)
Step 3: Figure out the back-up PG situation. Battle Royale between Patty, Armon and Nolan Smith I guess, though I'd prefer trading any of the aforementioned PG's plus picks or Euros or Babbit, for an upgrade like Steve Blake
again or Luke Ridnour