as for bad contracts: we don't have enough space and if MJ's first goal is a shot at cp3 and howard it won't happen until it is absolutely clear they aren't coming here. as in they are sitting in a press conference wearing their new jerseys. once they are gone, i would call up orlando if they didn't trade howard but lost him in free agency and take on arenas for an unprotected first. the problem with this scenario, is that there are quite a few teams that could employ the same strategy.
as for free agent signings: no to all of those mentioned. the good ones are going to want way to much money and the one's who aren't good, i don't want unless they are at the minimum, which they won't be.
as for the 2011 draft: if we don't trade out, i say option A is the way to go. option b is ok and option c would make me vomit and crap my pants at the same time.