Our salary cap hell wrote down on paper. Some ideas on how we can fix it???

I’ve been kicking this around ever since I saw your post and finally decided to throw out a few ideas.
For the purposes of this reply I’m assuming the Season starts sometime in Nov and there is a trading period and the 125% salary provision stays. Second,whether the new CBA has a Cap-Free buy-out provision or not and whatever % player salaries gets rolled back is irrelevant except for Gilbert.
Third,there are no sacred cows except Dwight.

Scenario 1.(The Magic Bullet.)
CBA has buy-out and salary rollback and Ownership is willing to spend the dollars paying Arenas not to play for Magic.(Or how some bogus math makes it cheaper to buy him out:) .)
Assuming a 10% salary rollback the Magic’ team salary this season of about $80mil(assuming some 4 rookie,vet mins to fill out roster)becomes $72mil. Further assuming a Hard Cap of about $60mil and a transitional Lux Tax starting at Cap,would see the Magic paying some $12mil in Lux Tax. Ownership effectively pays some $84mil in salaries.
BUUUUT,if Arenas is bought out(at 90% of his salary because of rollbacks),Magic committed salaries drop to some $52mil,leaving room for not just 4 min players,but a MLE type and 3 rookie/mins. Meanwhile even if salaries are at the $60mil Cap,there’s no Lux Tax,making effective salaries $60mil. That’s a $24mil difference,more than enough to cover the amount to be paid to Gilbert.(With Gilbert due some $17mil+ under a 10% rollback,even if the Lux Tax didn’t kick in til $66mil in Salaries,the Magic would still come out ahead.)
So if there is a Cap-free buy-out and the Magic actually use it on Arenas,the Magic are in good shape.
But here are some other suggestions:

1)Turk,the 2012 First(protected,20,15,10,10) to Cavs for Baron Davis. A motivated Davis(rather unlikely I know)is still a pretty good PG. Go back and see how many of those Blake dunks came off of Davis passes. Magic get rid of that third yr.
2)Nelson,Bass,Orton to Atl for Hinrich,Pachulia,Atl 2013 Lottery protected First. Yeah,it bites,esp when Jameer plays the Magic,but the team needs a back-up C and Hinrich can play two spots and his contract expires at end of season.(Pachulia and his coach really don’t like each other,and the Atl coach doesn’t trust his young PG.)
3)Reddick to Minn for Randolph and Webster. Randolph can play either big,is athletic-but not particularly fundamentally sound,could really use some solid coaching-blocks shots,rebounds,runs court,plays D,has nice 15-20’ jumper and thinks he has much better handles than he does. Webster can shoot the 3 and tries on D.
4)Try and send cash,a 2013 First and TPE to Memphis for Mayo.

This would end up being
Davis,Hinrich,Duhon
FA/Hinrich,Hinrich/FA,Q.Rich,Liggins
Webster,FA,Q.Rich
Randolph,Anderson,Harper
Dwight,Pachulia.

Cheap FA possibilities,Jermaine Taylor at SG,Rodney Carney,Quinton Ross at SF,perhaps Clark re-signing. There will be several cheap options this yr,not great talent but roster fill who might contribute.(And of course He who shall not be named,as heads would explod all over Orlando if it happened :),starting w/SVG’s.)

Arenas bought-out,these salaries come to @ $63mil this season and $54mil next,before FAs and w/out any salary rollbacks.
Randolph,

Sorry,I started this one way,changed it and had some editing errors. Originally there were multiple scenarios(hence Scenario 1) and forgot to clean up that last Randolph, bit.
Sorry.

And if the team wanted to clear room for next yr and NY wants to win now,thinking new CBA won’t allow them to add that third Star PG w/out trading assets for him:
Nelson,Reddick for Billups,Walker.
If there’s a Arenas buy-out then the Magic are down to some $42mil in salaries,w/out any rollbacks.