First I'd like to tip my hat to all the writers on the site (ak, bd, and Patrick all stand out at the moment) for keeping the site exciting and engaging. Being in the DFW I don't get a lot of Rockets sports talk up here, so even when I'm not posting I'm reading. This is my first year on TDS and I had a blast. Anyway, my thoughts on what we should do if all the chips fall into place this offseason (cap numbers included so ya'll know I'm not blowing smoke). Disclaimer, I'm not saying any of this is likely to happen but I don't think it's all out in super la la land either.
After the jump, my proposal
Was doing a bit of number crunching at work and here's what I would propose. First some base numbers: 60 mil salary cap, right now 40.8 mil in salary obligations if we pick up everyone. What I would offer is Dally (7mil prior to July 1), Lowry (5), Martin (12.4), Morris (1.9) and one of our picks (preferably the later one #17) (total combined cap obligation 27.1 mil) for Howard and J. Rich (total cap hit 25.3) (you could haggle over swapping Rich for Turk, Nelson, or Davis). Dalembert's contract would immediately come off the books, saving Orl 5.2 mil this year with Martin expiring factoring in, Orlando would be able to sign a max free agent and be out of cap hell by next season (this benefit increases if we take on one of their other bad contracts instead of J Rich, we could conceivably match salaries all the way up to Turk without altering our offer).
If the proposed trade is successful you end up with 41.7 in money dedicated to your signed roster and factoring in cap holds (13.3 mil as close as I can figure it), your total roster commitment is 55 million. You could then opt not to pick up the option on Greg Smith and amnesty Scola and have just about enough for a max contract while retaining your Bird Rights on Lee and Dragic.
You could then offer DWill a max deal and offer up a sign and trade on Dragic (a la Tyson Chandler this year) if you so chose. You could look into packaging your 13 and Dragic for Portland's projected #7 (which would be Jeremy Lamb if nbadraft.net is to be believed).
Final dream roster
Dwill; FA (don't think Llull could come over till next year)
Howard; Camby (signed with the money left after Dragic's trade)