I'd go the nutso route. Tank the season and just draft him unnessecessarily crazily high, even on the good chance he won't be back this season. Draft Oden too. Your team will be so bad it will get next years top picks. Leave yourself 4 potential keepers anything else, trade off early in the season getting back lots of 1st round picks for next year or top teams will often trade their injured stars cheaply.
So here's the plan
Go for Chris Paul+a centre Yao/Amare/Gasol with the 12th and 13th pick.
Kirilenko in the 3rd(on the hope he'll be traded by next year) and Brand with the 4th pick. Oden with the 5th pick. Then draft pick bait with the rest of the picks. Bench all your guys and come back next year.