Most likely the Rockets would like to move Martin. Lets assume for discussion purposes that they are willing to do so.
Now the Rockets might be willing to trade both Hill and Ariza along with Martin for Bosh. That comes to about $20 million in salary.
That means as long as Bosh is signed for more than $16,100,000; which he should be, a trade for Martin, Hill and Ariza works. ($20 million divided by 125% is $16 million and add $100K)
Now I would only do this trade if BC has a taker for Martin. He can immediately turn around and trade Martin for a player or multiple players (see below) from a third team whose salary is in the acceptable range which would be between about $7 and $14 million. (the 125% rule) This rule might not apply on a re-trade. If not, Martin would have to be re-traded for a single player or multiple players whose salaries total $11.1 million.
1. Bosh goes to Houston
2. Houston sends Martin, Hill and Ariza to the Raptors
3. The Raptors then send Martin to a third team for a player or mulitple players with a contract value of between approximately $7 and $14 million; i.e 125% below and above Martin’s contract value for next season. $11.1 million if the 125% rule does not apply on the re-trade.
I believe that the restriction on immediately re-trading a player as stated below applies to the second trade and not the first trade. However, I could be wrong on how I am reading it.
http://members.cox.net/lmcoon/salarycap.htm#Q74In addition, teams cannot trade players under the following circumstances:
* For two months after receiving the player in trade or claiming him off waivers, if the player is being traded in combination with other players. However, the team is free to trade the player by himself (not packaged with other players) immediately. This restriction applies only to teams over the salary cap. (Also see question number 74 for a special case where players can be traded together in less than two months.)
If I am reading it correctly the Raptors would only be restricted in packaging Martin to a third team if they packaged him with another player. However, there would be no restriction on the Raptors immediately re-trading Martin to a third team for one or more than one player as long as the Raptors traded only Martin.
Raptors subtract – Bosh
Raptors add – Hill, Ariza and one or more players from a third team.