I'm not entirely sure how certain cap situations work, but I think everything fits here.

Trade 1
Toronto Receives - Indiana 1st Round Pick
Indiana Receives - Leandro Barbosa

Sign Wilson Chandler to 4 years @ 8.4 Mil
Cap Space - 54,542,598

Trade 2
Toronto Receives Morris, Goudelock, Dallas 2012 1st Rounder
Lakers Receive Calderon, Scola, Beasley
Houston Receives Gasol, Johnson, Lakers 2012 1st Rounder
Minnesota Receives Kevin Martin
Cap Space 45,708,807

Trade 3
Toronto Receives Nash
Phoenix Receives Davis, Bayless, Indiana 2012 1st Round Pick, Dallas 2012 1st Round Pick

Draft Harrison Barnes
Cap Space 45,901,045

Resign Nash to 2 years @ 9 Mil
Cap Space 54,901,045

Sign Johnny Flynn @ 3.14 Mil
Cap Space 58,041,045


PG Nash, Flynn
SG DeRozan, Goudelock
SF Chandler, Barnes, Johnson, Kleiza, Morris
PF Bargnani, Johnson
C - Valanciunas

Then we have the mid-level exception to go after a backup SG, or make some more moves to clear the jam at SF.