If a four-way trade were to go down, I would imagine it would be like this:
Lakers get: Dwight Howard, Quentin Richardson
Timberwolves get: Anderson Varejao, Andrew Goudelock, LAL second-round pick
Magic get: Pau Gasol, Tyler Zeller, CLE first round pick in '13, MIN second-round pick in '13, CLE second-round pick in '13, Devin Ebanks, Dante Cunningham, cash
Cavs get: Andrew Bynum, Derrick Williams
That is somewhat fair for everyone. The Magic are getting the shortest straw, but they're gonna have to cave sometime. Let's take a look how much this elevates each team.
Minnesota:
PG Rubio
SG Roy
SF Kirilenko
PF Love
C Varejao
With a pretty solid bench, this looks like a 45-47 win team, good enough for a 7th or 8th seed in the West playoffs.
Lakers:
PG Nash
SG Bryant
SF: Richardson/World Peace
PF: Jamison
C: Howard
Definitely a top-tier playoff team, but a strongly offensive minded team with the departures of both Gasol and Bynum. If Nash and Howard can both stay healthy, then this is easily a 50-60 win team.
Magic:
PG: Nelson
SG: Richardson
SF: Turkoglu
PF: Gasol
C: Zeller
Without Dwight, this team is not a contender. I feel like they are so adament about not turning into the Cavs or Raptors after a star departs, and want to remain relevant AKA treadmill it up. The acquisition of Gasol and Zeller is a decent enough pickup to keep them from a top-five pick, which might be a bad thing for them in the long run. 25-35 win team...
Cavs:
PG: Irving
SG: Waiters
SF: Williams
PF: Thompson
C: Bynum
Bench:
PG: Pargo, Gibson, Sloan
SG: Miles, Azubuike, Gibson
SF: Gee, Miles, Casspi
PF: Leuer, Samuels, Walton
C: Leuer, Samuels
The frontcourt depth thins, but the starting lineup VASTLY improves. Irving and Bynum would both likely be allstars next season, and Williams and Waiters could chip in 15-20 pts/game when needed. Thompson could provide elite defense, and the Cavs would absolutely make the playoffs, and maybe be a fairly high seed. While I would like this trade to go down, I would still feel that we are two solid pieces away from contender. An Irving-Waiters-Williams-Thompson-Bynum starting lineup would result in 45-50 wins, good enough for 5-6 in the East.