That would be nice, they would have a bunch of options at that point. Could move the pick to the wolves for two of the late first rounders or something similar to that. Who would do you think they would take at 10 if they traded felton for the pick, I doubt it would land TJ and the pick with out something else thrown in..
Getting someone like TJ Ford thrown into the deal won't take much as long as the Pacers would be out from under his contract. Its not even particularly bad, but cap relief now is always preferable to cap relief in the future.
As for who we might pick, I'd imagine we'd probably go with a big man. Tyrus says he wants to sign long-term, so PF should be taken care of, but we really don't have a quality center. Chandler and Mohammed can fill the void if they stick around (they could both opt out and look good as trade bait) but Cole Aldrich would be a good choice, or even Cousins, Monroe, or Davis if they fall.