tank time...
Fire the coach and GM...hire Mark Jackson to develop new younger roster like he did with Warriors
Trade Gasol to Boston for Nets 1st rounder (could take on David Lee contract for rest of season to make money work)
Trade Allen for a young wing player (kelly oubre?)
Next season you hand the keys to Mike Conley with a new contract ($15-17 mill a year)
Draft 2 high lottery picks hope to end up with Skal or Simmons or both
Use the ton of cap space to sign a few young vets (Harrison Barnes, Evan Fournier, Tony Wroten, Batum, Chase Budinger, Jordan Hill)