Unfortunately, I think the only trade I see New Orleans making is trading a way players for salary exceptions and draft picks. Orlando, the Lakers, Denver, and Miami are all contending teams with decent to large size exceptions that could throw the trade exception and a draft pick at New Orleans to grab a player of their's and reduce their payroll below the luxury tax in time for them not to have to pay the tax this year.
My guess, expect Darius Songalia, Morris Peterson or James Posey to go to one of the above named teams in a trade using an exception