This would basically be the same parameters of the three-way trade involving Houston, LA and Orlando. In this scenario, LA would receive Dwight Howard while Cleveland receives Andrew Bynum. Orlando would receive a package of draft picks and players.
This trade proposal makes sense.
LA gets the player that they want. Cleveland would get an All-Star center who would really complement Kyrie Irving. According to Adrian Wojnarowski of Yahoo! Sports, Bynum would be interested in going to Cleveland as a free agent in 2013. The Cavaliers would be getting a much better player than the previous deal. Orlando could take players (Tristan Thompson, Dion Waiters) and picks and let the other teams take back some other contracts.
There could be a hitch to this—Dan Gilbert.
He went off about superteams being formed. If this trade is made, a big superteam is made in LA. However, this trade would give him a young-duo nucleus for years.
For now, the proposal is in infancy. We'll see if this has legs in the days to come.