I think these are 3 deals worth exploring for the Bobcats:
1st - deal Nazr Mohammed, Matt Carroll and Sherron Collins to the Grizzlies for OJ Mayo and Hasheem Thabeet. Mayo and Thabeet have both fallen out of favor in Memphis. The Grizzlies are looking for players who can come off the bench and expiring deals. Mohammed has about 7 mill that will come off the books and he's a serviceable big man to back up Gasol. Carroll is a proven 3 point threat off the bench (something the Grizzlies need) and Collins is a back up point, which is something that the Grizzlies do not have right now.
2nd - deal Stephen Jackson to Dallas for Caron Butler (expiring deal, he will never play for Charlotte) and a 1st round pick. I'd like to get Dominique Jones as well, but I'm not sure if Dallas will part with him. This move clears cap space and it's out with the old, in with the new.
3rd - deal Gerald Wallace and Dasagana Diop to the Clippers for Chris Kaman and Al-Farouq Aminu. (it's possible LAC won't do this with Diop, so we might have to keep him and include Dominic McGuire to even the salaries). The Clippers are looking to deal Kaman for a SF and Wallace would be a great fit. Kaman makes a little bit more than Wallace and he's not nearly as good, but he would be a serviceable center (and good mentor for Thabeet). As much as I hate to see the heart and soul of the Bobcats go, Aminu's potential makes this deal worth it.
After these moves, the Bobcats roster for 2011 - 2012 would be. (ages in parenthesis).
C - Kaman (28 ) Thabeet (23) Diop (28 ) (if he can't be dealt to LAC)
PF - Diaw (28 ) Ty Thomas (23) Najera (34)
SF - Aminu (20) Henderson (23)
SG - Mayo (23) Jones (22) (if we get him from Dallas)
PG - Augustin (23) Livingston (25)
I'd take the rest of the year to develop the young guys and the chemistry between Thabeet, Thomas, Aminu, Mayo, Augustin, Henderson, Jones and Livingston. This is a young team that could grow together and really compliment each other. Also, they would have 2 first round picks in the draft, so they'd have 2 rookies.