Word is the Clip's are dangling this out there. See:
The goal? Find some combination of trades that brings this pick to TO. From the article it seems like they want a Vet 3 with shooting skills. Raps don't have one, so, it's going to have to be creative (ie, 3-way). They can absorb 5.3m in salary, but would likely need to take back a player with bigger salary in order to make it worth giving up a pick that has a big a shot as any to be next year's first overall.
I had a proposal, posted it, then realized too late that it was wildly impossible due to salary restrictions. So this little blurb here is the edit to delete it.