This is from their resident insider Sixerfan76:
was told their offer was iguodala and jason smith for ariza, jeffries and jordan hill. Was not told of any picks being involved.
we told them we would get back to them and are still pursuing other options throughout the league involving thad and/or kapono
Now, I think we can fairly easily top that offer with our cap space, future firsts that we just got, Corey Brewer or Webster, and any of Ellington, Hayward, and Koufos.