PG : Gary Payton (A little after Prime/veteran leadership)
SG : Jordan (Prime)
SF : Kevin Garnett (Prime)
PF : Hakeem (Prime)
C : Bill Russell (Prime)
6th Man : Larry Bird
I'd want to create one of the greatest defenses of all time if I could. Having KG in his prime, I'm sure he'd somewhat be able to handle opposing forwards. If the chance that he'd be driven on, Russell and Hakeem can move over from their positions and help out. A Jordan and Payton combo is lethal on defense, and will easily trigger fast breaks. Larry Bird as 6th man will go in for KG more than he'll play SF, and tune the offense when Jordan rests. If these players played together, they'd be one of, if not the greatest defensive squad ever to play the game of basketball.
On the offensive side, we can let Jordan do his thing. I don't like how most teams have Magic and Larry and Jordan, they need the ball to be most effective. Well, we can't have Magic and Larry and Jordan holding the ball at the same time and shooting, passing, and making a hustle play all together. That would be too much teamwork.
So I have Jordan as the player who dominates the ball and does it best, and Russell who is the player that doesn't need the ball to dominate, and Hakeem, who's offensive capabilities add a force inside. Payton is a solid all around player, and past his prime, won't need the ball as much. He and Larry can combine to be a Scottie Pippen, Larry will be his passing, Gary will be his scoring. Then there are the 3 big men, who can dominate through offensive boards. We'd have to look for post players often and give and go. I think this would be able to beat most teams of any era on the defensive end, as each of them are defensive masterminds.