Ok, here's the awesomest thing I could drum up:
Utah trades: Jefferson + NJ second-rounder
Utah receives: Dalembert + Jarrett Jack
Houston trades: Dalembert + Martin
Houston receives: Jefferson + Ariza + NJ second-rounder
NO trades: Jack
NO receives: Martin
Dalembert has a team option for next year. So, he could be brought back for $6.7 million, or let go for cap space. Houston does this to solidify paint scoring... which would help them. They let Martin go for Ariza because they have virtually no productive SFs and Courtney Lee and Dragic can play SG/combo guard.
It's pretty clear that NO comes out pretty well talent-wise.
Utah gets a PG + frees up cap space next year.