How about Tony Allen, J.R. Giddens and Billy Walker for Ricky Davis and Mardy Collins. Davis did and probably still does have a lot of talent and he may be the gamble that works (unlike the Marbury thing). And Collins, at 6'5" could play off of House pretty well, if need be.
The second squad would be Daniels, House, Ricky Davis, Williams (or Glen Davis) and Wallace. Not bad.
And with the open spot we could bring in Raef LaFrentz... but that's a whole 'nother story.