Pacers get: Baron Davis, Marcus Camby, Steve Novak
Clippers get: T.J. Ford, Rasho Nesterovic, Marquis Daniels, Lottery-protected 1st round pick
The Clippers are not going to make the playoffs this year, even if they trade Mike Taylor and DeAndre Jordan for Kobe & Lebron. With this trade they essentially get 2 expiring contracts and a solid starting PG with a much shorter deal than Davis. They also get a mid-first round pick, assuming the Pacers make the playoffs. They'll be able to enter the FA market again next season.
The Pacers would have the following lineup:
Starters: Davis, Dunleavy, Granger, Murphy, Camby
Bench: Foster, Jack, Graham, Hibbert, Rush, Diener, Baston, McRoberts
That's a surefire playoff team in the East, and if not, we keep our draft pick. We also get a potential long-term answer at PG and a C with a lot to teach Hibbert.