I have talked about this possibility in a couple of places and first there was much skepticism that this is what the Wiz would want but more and more reports are exactly that they will deal the 5 pick if they get a vet and rid of bad contracts.
"The Wizards have rebuffed any advances for players like Caron Butler and Antawn Jamison. Instead, they've put together a pretty basic wish list: Take a couple of our bad contracts, save us some money and give us a veteran or two who can help right now. Etan Thomas, Mike James and Darius Songaila seem to be the three players the Wizards wouldn't mind getting off the books. ESPN.com"
Collison makes 6.25 million and we take back Thomas and Mike James who make 14 mil but get the 5 pick out of it. The only reason i would do this is because we have 18 mil in cap space and both deals expire in a year while collison has 2 more so in the end we lose 8 mil this year but gain 6.75 next summer. The wizards do this because they get a pure professional in nick who can average a double double and teach their young big men and the savings of 8 million in salary is actually a 16 million dollar savings to the ownership when combined with luxury tax savings.
Part 2 of this type of scenario is to deal Watson to the Clippers to be the backup and insurance for Baron and bring back Camby to replace Collison. Camby like Watson expires in a year and he can always be flipped at the deadline for future picks.
In these 2 deals we would not lose anything as far as players for this year, gain a top 5 pick and save 7 million dollars in cap space next year. With the 3 and 5 picks in this draft we could draft a combination of all these players that Presti is said to like (Thabeet, Harden, Rubio, Curry and Hill). I think a Harden and Hill combination could be an excellent haul for this draft, while hopefully making the detroit deal and picking up a pg at 15.
This team is not going to win this year so to sacrifice cap space on players we wont play is not a big deal if we can pick up talent to help us grow in the future.