Will Portland package it's picks? If so for a proven player or to move up in the draft?
Every indication is that the Blazers want to use their picks in a trade to get some immediate help, and then dive into free agency, and then at the end of all that re-sign Batum. They aren't interested in rebuilding while they have an All-Star power forward in his prime.
Also from the chat:
are the jazz in any way capable of making a trade for one of the blazers picks?
Well, Portland rather clearly likes Millsap, so that's a starting point for any discussions I'd imagine.