So that leaves two options: stow the player away in Europe or trade the player away on draft night. I wouldn't be surprised to see both happen, and according to Jim Povtak of the Orlando Sentinel, there's already a marked for Portland's second round picks.
The Magic are watching because they plan on trading into the second round, getting a pick from either the Portland Trail Blazers or the Seattle SuperSonics, who have a combined seven second-round picks. The Magic's pick is in Miami as part of the deal they needed to make to sign Coach Stan Van Gundy.
Here's my suggestion to the Magic: Trade your first round pick (No. 22) to the Blazers for all three of their second round picks (plus a point guard if necessary). Then the Blazers trade No. 22 and No. 13 to the Knicks (who are reportedly open to trading their pick) for No. 6 (plus another player if necessary). Blazers draft one of the many combo guards at the top of the draft with the No. 6. Everyone wins!
(Hat tip to Third Quarter Collapse, via Blazers Edge)