Dwight Howard, Hedo Turkoglu, and Courtney Lee to the Clippers; Eric Bledsoe, DeAndre Jordan, Terrence Williams, Brian Cook, Minnesota's unprotected 2012 first-round pick and a future Clippers' first-round pick (2014 or later) to Orlando; Chris Kaman, the Clippers' 2012 second-round pick and a future Clippers' first-round pick (2016 or later) to Houston.
This is the only potential offer that trumps what New Jersey has on the table, and it also gets Howard to a preferred destination in L.A. The Clippers can offer the Magic similar cap relief to the New Jersey deal, a likely high lottery pick from Minnesota, an athletic young point guard in Bledsoe and a promising big man in Jordan, in addition to a 2012 pick of their own.
The Magic will push hard to get Eric Gordon out of this trade, but I believe L.A.'s offer wins even without Gordon. Jordan isn't quite as good as Lopez, but the draft picks and prospects the Clips can add to this deal are better. Also, Jordan would have to agree to a sign-and-trade to Orlando for this deal to work; there are worse places to end up.
I threw in another wrinkle to this deal and sent Kaman and a first-round pick to Houston for Courtney Lee, but this deal also works if Kaman goes straight to Orlando. Kaman and Lee both have expiring deals, but Houston needs a center a lot more than a wing, while the Clippers would be in the opposite situation following a Howard trade.
Chris Paul, Emeka Okafor and Trevor Ariza to the Clippers for Eric Bledsoe, DeAndre Jordan, Chris Kaman and Minnesota's unprotected 2012 first-round pick.
This is the best deal on the board for the Hornets, allowing New Orleans to dump all their contracts, get a likely high lottery pick and add a young building block center and a developing point guard. As with the Howard deal above, New Orleans will lobby for Gordon and the Clips will resist. Also, as with the one above, Jordan would have to agree to a sign-and-trade.
But the real problem for the Hornets is that this deal is only second in the Clippers' hierarchy, and while in their fantasy world they would get Paul and Howard, back on this planet they almost certainly only have the goods to do one or the other. That means the Clips will only pursue this deal for Paul if Howard is off the table.