If the luxury tax threshold is kept around the $70 mil figure it was last year (and from what I've read this seems to be the case), then it looks like the C's will be fairly limited.
Already at $66 mil with none of the free agents signed (according to Shamsports), just giving Green his QO would put us at $72 mil and over the threshold. According to Zach Lowe from SI, that would effectively deny us use of the full MLE (available only when it doesn't put a team over $4 mil into the tax) or the LLE (only for non-taxpayers). All we'd have is a $3 mil mini-MLE, the vet min and I'm assuming the standard raises for our own free agents.
Thus, I'd imagine that Danny's efforts will be to offer modest raises for our own free agents (West and Baby), resign Jeff Green (I'm hoping for him to sign the QO) and try to sign one big man for the mini-MLE. Then take a few dives into the post-injury big man bargain bin (Joel Przybilla, Etan Thomas) with the vet min.
West, Green, Baby and JO is a pretty talented bench if we can just find a plug for the 5 spot with starters.
My favorite big man target in the mini-MLE range is Chuck Hayes. The guy plays tremendous defense in the paint. Great lower body strength, good footwork, quick hands, great discipline. Like Baby, he's nimble enough to make a swift rotation and cut off a ballhandler. Unlike Baby, he can rebound the heck out of the ball, make a decent outlet pass and pass the ball. Also unlike Baby he can't shoot. But a great guy to have on such an injury riddled big man rotation. Houston probably won't let him go.