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Disclaimer: This would not be a trade. The Clippers would sign J.R. Smith as a free agent when he comes back from China in March.
Broderick Turner of the Los Angeles Times has reported that the Clippers will attempt to sign Smith when he is able to play again in the NBA. This report came out prior to the Billups injury, but there is no reason to believe that anything has changed since.
The only difference now is what position Smith might play. According to the LA Times article, the Clippers were hoping to bring in Smith as a backup small forward for scoring purposes. They obviously now need him as a starting shooting guard.
Smith will likely be a Clipper as soon as his team in China finishes its season. This will be a good move for the Clippers because Smith would be able to score at will, especially with so much of teams' defensive attention on Chris Paul and Blake Griffin.
Nevertheless, the Clippers could make any one of the foregoing trades, and, with the exception of Matt Barnes, any of those moves would benefit LA much more than signing Smith.
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