Andrea Bargnani for Emeka Okafor + 2012 First-round pick
Toronto: The Raptors receive a double double big man who might be overpaid, but isn't that much worse than Bargnani in the salary department. This will get us a legit 5, and the 28-year-old will be good for a double-double for at least the duration of his contract.
The Raptors' real prize within this trade is the first round pick NO will have to give up. There's a good chance the guys down there wouldn't want to hand it over, but if Toronto can get the Hornets first rounder, this trade will be a total steal.
The Hornets will be a bad team next year. Management will try once again to improve the roster in any way, and I'm positive the possibility of adding a 20-point scorer like Bargnani to the team will be enticing for NO. The reality is that with or without Bargnani, if the Hornets lose David West and Carl Landry, they'll be a worse team. If the Hornets are not looking like a solid playoff team by mid-season, they'll be smart to deal Paul for picks and young players. A move like that will send him to the bottom of the standings, and Toronto will instantly have a lottery pick in next years stacked draft class.
A move like this can ensure Toronto makes the playoffs AND doesn't miss out on a star rookie.
New Orleans: The Hornets need to upgrade. They tried their best last season by trading for Trevor Ariza, but that has proven out to be a bad move. The Hornets have plenty of overpaid players on their team. It was rumored that the Hornets would not trade Chris Paul to any team last summer unless that team took Okafor's large contract. In this trade, the Hornets receive a more talented player in Bargnani, and could make one last push at keeping Chris Paul.
Overall: The trade is good for Toronto, but the Hornets will probably decline such a deal, which will leave them without a, center.