Just tossing this out there, without comparing numbers:
Chris Paul has apparently stated his unhappiness with New Orleans and has reportedly asked to be traded to NY, LA, or Orlando. There were rumors at one point that Orlando and Washington were in talks to trade Arenas for Vince Carter. Could the situation with CP3 make such a trade more likely?
I'm imagining Arenas heading to the Hornets, CP3 going to Orlando, and Carter going to D.C. Which I would hate, btw. Realistically, Orlando would have to sweeten the deal with picks, cash, or some combination thereof, but I just don't see how it's worth it for the Wizards. But in terms of those three teams, Orlando seems the most likely candidate for a three-way deal involving Arenas.