After a lot of permutations, this one seemed reasonable enough (IMO, of course) to throw out on the board. There are picks involved, so the RealGM link doesn't tell the whole story.
http://www.realgm.com/src_checktrade.php?tradeid=4577683
New Jersey
GIVES:
Richard Jefferson $13,200,000.00
Marcus Williams $1,262,520.00
Maurice Ager $1,042,440.00
Keith Van Horn $3,792,112.00
cash (for buyout of Van Horn's contract)
2008 1st Rd (Dal)
GETS:
Mike Miller $9,128,575.00
Cuttino Mobley $9,275,000.00
Brevin Knight $1,728,000.00
Al Thornton $1,776,240.00
<span style="color:#0000ff">
Why NJ does it: They attain quality, veteran wing depth and outstanding shooting; get a steady, veteran PG backup; and get a terrific young player in Thornton who appears to have a pretty high ceiling and who can legitimately play the 4 in a small lineup or the three in a more conventional one. Mobley is overpaid by about the same amount as RJ per year, but his contract ends in 2010, as does Miller's, giving the Nets a lot more financial flexibility for that summer's LeBron hunt. They still retain one of their two first round picks in 2008, so they'll still get another young player this summer.</span>
Toronto
GIVES:
T.J. Ford $4,137,500.00 (BYC if trade happens before July 1, 2008; actual salary is twice this amount)
Jorge Garbajosa $4,350,000.00
Anthony Parker $4,550,000.00
2008 1st Rd (Tor)
GETS:
Richard Jefferson $13,200,000.00
Marcus Williams $1,262,520.00
Maurice Ager $1,042,440.00
<span style="color:#0000ff">
Why Toronto does it: They get a 20+ ppg scorer and slasher extrodinaire who is among the league's elite in drawing fouls (at a premium in Toronto), who is coming off a career offensive year, and who is just entering his prime at 27. They also get a cheap, high risk/reward backup PG with great court vision and decent shooting touch but who regressed his sophmore year and seems in need of a change in coaching and scenery. They unload TJ Ford's contract so that they can resign Calderon to the deal he's earned without having the biggest part of their payroll devoted to two diminutive point guards. They get rid of Garbajosa, who's relationship with the club is strained and who, at 30, is likely never going to be the same player he was before his bad leg injury in spring of 2007. They lose Parker, but he will turn 33 in June and is only under contract for another year, at which point he is likely to take his well-rounded game to a real contender. They get Ager, who reputedly has a nice stroke and might find some rotation minutes if he plays hard at the other end. This trade makes Toronto a LOT younger in key positions while Jefferson brings deep playoff experience. They throw in their 2008 first rounder to help even out the deal, especially from a player age perspective.</span>
LA Clippers
GIVES:
Cuttino Mobley $9,275,000.00
Brevin Knight $1,728,000.00
Al Thornton $1,776,240.00
GETS:
T.J. Ford $8,275,000.00
Anthony Parker $4,550,000.00
2008 1st Rd (Tor)
<span style="color:#0000ff">
Why LA does it: They have a huge hole at PG, and, as a team with many key veterans, they need an experienced PG no matter who they draft. This trade gets them a young but experienced and lightning quick PG with good vision and playmaking skills and a potent midrange game. (It's worth pointing out that, given their respective personnel, Ford is worth a lot more to LA than he is to the Raptors.) The Clippers also rid themselves of the inflated 2-year Mobley contract and get a better overall player who will make half as much money this year and is a FA beyond. This is especially important if, as expected, one or both of Maggette and Brand opt out and the Clips must pony up $ to keep them under contract. They give up a terrific young player in Thornton, but they gain Toronto's mid first rounder this year to help compensate.</span>
Memphis
GIVES:
Mike Miller $9,128,575.00
GETS:
Jorge Garbajosa $4,350,000.00
Keith Van Horn $3,792,112.00
cash (from NJ for Van Horn buyout)
2008 1st Rd (Dal)
<span style="color:#0000ff">
Why Memphis does it: They are still in major cost cutting/pre-franchise sale mode. Considering that they will have no responsibility for Van Horn's buyout, they are essentially trading Miller's two years/$19M for Garbajosa's one year/$4.35M, a total savings of over 14.5M. Navarro gets a fellow Spanish National team member to soften the blow of Gasol's trade, and Memphis can liberate a high-demand player who will otherwise waste his best years on a rebuilding team that is going nowhere any time soon. NJ sends the Dallas 2008 pick as prime consideration, though I would personally be willing to substitute NJ's own pick if that were necessary to close the deal, so long as the Nets don't move up to the top 3.</span>