If I was going to take on Gordon, I'd be interested in a deal that looked something like Bradley + Humphries for Gordon, a 2016 1st and a 2018 1st.
We get two picks and a bad contract that doesn't hurt us because we aren't contending over the life of the contract anyway. Also, there's a chance that Gordon regains his pseudo-star form over time, becoming either a decent building block or a valuable trade chip.
With New Orleans' 2014 pick going to Philly unless it falls in the top 5, they're in a bit of a crappy situation. They aren't bad enough to save their pick, so they might as well make a run at the playoffs. Bradley is arguably a slight upgrade over Gordon after you take defense into account (Gordon is a ghastly defender this year, and their offensive numbers are closer than you'd think as well). Humphries bolsters a very thin, injury-ravaged frontcourt and seems on the surface to complement Davis fairly well. In addition, both Bradley and Hump are expiring, allowing NO to clear enough money to make a run at a premier free agent. A prospective core of Davis/Holiday/FA is very competitive.
I'd want two picks because I firmly believe Davis will turn into a very elite player who will drive those picks toward the end of the first round.