So, to briefly summarize some arguments made (and responded to) in other threads:
(a). ARGUMENT: George is a top 5 player, there is no way the Pacers do this!
RESPONSE:
(1). Hibbert is on a one year deal.
(2). West is 33, and will be 34 next year.
(3). The Pacers lost Stephenson, and replaced him with Rodney Stuckey.
(4). The Pacers do not have a very deep bench.
(5). Although the Pacers were a top 5 defensive team last year, they had the second worst offense in the league, after Philly.
(6). So even if George comes back next year, the Pacers have no guarantee Hibbert sticks around (particularly because several teams, including the Knicks, Lakers and Celtics will all be flush with cap room, and looking to sign him). What is that team then? An aging West, Paul George in uncertain form, and George Hill. Does Paul George alone guarantee an 8th seed? Answer: no. West and George Hill are role players in 2015. Indiana is not a "destination" city, and is unlikely to sign a lot of free agents who have other choices. They will have to be good to get free agents.
(7). If they don't have George, they don't compete this year:
(a) Atlanta is better
(b) Washington is better
(c) Cleveland is better
(d) Charlotte is better
That eighth seed they are gunning for right now is not a guarantee, $68M is a lot to spend to not even make the playoffs...
(b) ARGUMENT: Public Perception
RESPONSE: Fans are more educated about basketball now than ever before. The Pacers will not be a good team next year without George, and having lost Stephenson. That's just a fact. They were a one seed last year. Even if this trade went down during the season, there is really no argument with the sense it makes.
(c). ARGUMENT: George is a risk.
RESPONSE: Agreed. Huge risk. But - Rondo is a risk to move on in free agency. We have four or five point guards under contract. The Celtics are directionless, and do not appear to be close to contention - even in the next 2-3 years. Whether or not Rondo is here doesn't really change that. So, in fact, it does make sense to try to hit a home run and hope that George comes back healthy.