On July 9 the Pacers officially announced they had made two trades, the most notable being the trade of former All Star forward Jermaine O'Neal in exchange for Toronto Raptors players T. J. Ford, Rasho Nesterovic, Maceo Baston and Roy Hibbert who was the 17th pick on the 2008 NBA draft. The Raptors also received Nathan Jawai who was the 41st pick in the draft. Also in a trade with the Portland Trail Blazers, the Pacers acquired Jarrett Jack, Josh McRoberts and Brandon Rush who was the 13th pick in the draft. The Pacers traded away Ike Diogu and Jerryd Bayless who was the 11th pick in the draft. With the Pacers missing the playoffs for the last two seasons and reaching just the first round before that, a change was needed in Indianapolis. Having been with the Pacers for the past eight years, O'Neal's tenure was marred by numerous injuries which saw him miss 40 games last season and 31 during the 2005–06 season.

...
Wikipedia