I posted a trade idea to acquire Chandler Parsons earlier. A lot of people here shot the idea down because Houston would have to give us a million players and we'd have to send a million out to make it work. I did some quick research on Hoopshype and found that a deal with the Jazz that could be made to work out. I considered the salary/contract situation of all teams and players involved and came up with this trade:
Why do the Jazz make the trade?The Utah Jazz have a crowded front court. Derrick Favors, the 3rd pick in the 2011 NBA Draft has seen steady improvement with increased minutes. Meanwhile, Paul Millsap is in the last year of his contract and the Jazz risk letting him walk for nothing. By making this trade, they will acquire Patrick Patterson, who can be a young cheap replacement for Millsap. They can hand the starting power forward spot to Favors while Patterson can be a backup.
Utah also saves a lot of money from this trade. In 2012-2013, they owe $19,658,700.00 to Millsap, Williams, Tinsley, Caroll, and Murphy. If they make the trade for Duhon, Aldrich, Patterson, Jones, Clark, and Smith, they would only owe $11,462,200.00. They would save $8,196,500.00 this year if they make the trade.
In 2013-2014, they owe a guaranteed $8,300,000.00 to Marvin Williams. If they make the trade, they would owe $3,600,000.00 guaranteed to Patterson and Jones. By making, this trade, they would save $12,896,500.00 total. They would have more flexibility to make future deals with the extra cap space they get from this deal.
I'm not sure if saving money and getting some young players, with a decent looking one in Patterson, would be enough. They might want picks. The Lakers have none. I'm not sure how willing Houston would be to give up picks.
Why do the Rockets make the trade?They get the coveted Pau Gasol without giving up their core of Asik, Lin, and Harden. Kevin McHale, who admires Pau Gasol, will properly utilize his low post skills. They also get rid of Royce White so they won't have to deal with his issues.
Why do the Lakers make the tradeBy trading Pau Gasol's contract, they're projected to save money on this deal. In 2012-2013, the Lakers owe Gasol, Duhon, Clark, Sacre, and DJO $24,647,200.00. If they make the trade, they would owe $23,088,300.00 to Millsap, Williams, White, Douglas, Montejunas, and Parsons. They would save $1,558,900.00 in guaranteed money plus another $1,558,900.00 from the luxury tax.
In 2013-2014, they owe 19,000,000 guaranteed to Pau Gasol. If they made the trade, they would owe $11,500,000.00 to Williams, White and Montejunas. They would save $7,500,000.00 in 2013-2014 in guaranteed deals (if they let Millsap walk) and a projected $11,250,000.00 in repeater tax (I multiplied by 1.5 because I believe those are the new tax rules starting next year). In total, they would save about $12,047,200.00 in guaranteed money, not counting the luxry tax. I didn't count Chandler Parsons because his deal is unguaranteed but he's only making like $800,000 so it's not a big deal.
Not only do they save money on the deal, they would get back a true stretch 4 in Paul Millsap. Even though he's undersized, he has more heart than Pau Gasol does at this point. They'd have to take on Marvin Williams' ridiculous contract but I'd rather his contract + Millsap + Parsons + crap over Pau Gasol's albatross contract. Williams' contract expires in 2 years so it won't interefere with the 2014 plan.
They'd have to decide on re-signing Paul Millsap. If they let him walk, they can shift Ron Artest to the 4 and play Parsons at the 3.
This deal would leave the Lakers with 16 players on the roster so they'd have to cut someone like Ebanks or Morris. If I were Mitch, I'd cut a check to Royce White to make him go away if he has any more outbursts.
In addition to saving money on this deal, the Lakers would also receive Chandler Parsons. This guy has the potential to be a stud, especially in D'Antoni's offense. The Lakers should insist on getting Parsons. Houston would essentially be trading Parsons + Patterson for Pau Gasol.
I just realized the Jazz would have 16 players as well. They'd need to waive someone. The Lakers would have to throw in some cash to pay the waivee.
I found a second deal that would leave the Lakers and Jazz with 15 players this season.

Instead of getting White and Montejunas, the Lakers get Cook. They save even more than the last deal. In 2012-2013, they'd save $1,658,900.00. In 2013- 2014, they'd save $10,700,000.00. In total, they'd save $13,247,200.00 in guaranteed money, not counting luxury tax.
The Utah Jazz also save more in this deal. In 2012-2013, they'd save $8,958,700.00. In 2013-2014, they'd save $4,700,000.00. In total, they'd save $13,658,700.00.
In conclusion, I believe this is a fair deal for all parties involved. Chandler Parsons would be awesome in D'Antoni's offense and Millsap would be a good stopgap for this year and they can still possibly re-sign him to a favorable deal. I love Pau Gasol for helping the Lakers win back to back titles, but he's getting paid way too much to be relied on like he is.