Just a few ideas:
Send him to a contender. I can guarentee that no team in the league will win a championship with Ron Artest as a member of their playing squad. I say we send him to Detroit.
Let him play for the Pacers, while simultaneously conducted an all out psychological war on him. I can guarentee that with the right impetus Ron will go full on berserk in less than 30 days and do something stupid enough to have him suspended from the league for life. I like this option best, as it will allow me to maximize the entertainment of this season.
Send him to the NBDL or Europe. Let him "dominate" there, and try to do the same as above.
Have him work in another department. Have him work the concession stands or be a janitor at the Fieldhouse. He signed a contract with the organization, I'm sure they can redefine his job title w/o any problems. Better yet, have him soot up as "Bonkey" the jackass companion to Boomer and Bowser. He could entertain us during stoppage.
Work him out. Put him under the care of one of those "troubled teen" drill sergeants and put him on a military schedule. Fine him if causes trouble.
Any other ideas?