This is assuming Colangelo doesn't make any moves (or isn't allowed to), we lose our pick in the draft and a new GM comes in for the summer:
Trade 1:
TOR-Bargnani, protected 1st rd. pick and Fields to WAS-Nene, Singleton, and Vesely
Trade 2:
Lowry, protected 1st rd. pick, Aaron Gray and a resigned Alan Anderson to SAC/SEA-Tyreke Evans (extended)
Free Agency:
Get DeRozan to recruit Jennings, who wants out of MIL and we sign him in the range of 10-12 mill. a year.
Amnesty Kleiza for cap space
Sign Marco Belinelli if possible with whatever is left of our cap space.
TORONTO RAPTORS 2013/2014 ROSTER:
C- Nene, Val
PF-Johnson, Davis
SF-Evans, Vesley, Singleton
SG-Ross, DeRozan
PG-Jennings, Belinelli, Lucas
Not a ton of depth, but a good balance here and a foundation to build upon.
Not sure if we would have enough to make this work, but just an idea...it is my first post here, so don't be too harsh