But Z is also five years older than Murphy and offers no young potential, something the Pacers would probably want for a guy like Murphy.
Although the Cavs are high on J.J. Hickson, they really can't afford to keep waiting around for him to develop with the stakes as high as they are. If including Hickson in a package with Z is what it would take to get Murphy to Cleveland, then the Cavs should -- by all means -- pull the trigger. Hickson isn't a guarantee at this point. Murphy, however, is. And he is also a much better fit for the Cavs right now than Hickson.
For the Pacers, getting Z would save them $11.9 million for next summer and get them under the new salary cap by about $7 million. It also gives them a young piece in Hickson to help begin a rebuilding project, another thing that a team treading water would be looking for in trading a star like Murphy.
Of course, it's all speculation at this point. But an expiring contract begins to accumulate more and more value the closer we get to the trading deadline. And if the Pacers are looking at another season of being 10 games under .500 (or making the playoffs as an eighth seed only to be dusted off unceremoniously by one of the East's top dogs), then this trade begins to make more and more sense for both clubs.
Murph's contract off the books...saving money...Hickson has potential...sounds good to me

Only downside is that we would be extremely young at the PF position.