Yes, you read the correctly. From David Aldridge of the Philadelphia Inquirer:
The Clippers are a long shot at the moment to acquire Iverson. Los Angeles has offered Corey Maggette, Cuttino Mobley and Sam Cassell, but the 76ers still want Livingston, a 21-year-old who is being groomed to replace the 37-year-old Cassell at the point in the next couple of years.
Coach Mike Dunleavy is pushing to make a deal, in part, so he can clear enough cap room to acquire his son, Mike Dunleavy Jr., from the Warriors. But he and Clippers management are not ready to part with Livingston.
Even if you're the world's biggest Mike Dunleavy Jr. fan you can't help but crack up at the notion that someone is trying to clear cap room to get him. One word: INSANE. Teams clear cap room for stars and players who can make a big impact. Clearing room for Dunleavy is equivalent to opening up cap space to take on a guy like Luke Walton. It's more foolish than dishing out those big money contracts to Foyle, Dunleavy, and Murphy.
Anyhow, reuniting Dunleavy Jr. with Dunleavy Sr. in La-La land has been rumored to happen for some time now. It's no secret that the Clips and Corey Maggette are looking to part ways too. Maggette is a slasher who attacks the basket, rebounds, and get this- actually knocks down free throws at a high percentage. If it wasn't for the money issues and the fact that Elgin Baylor isn't a fool, Dunleavy for Maggette probably would have gone down by now. Still, both players need a change of scenery badly, so there might be more potential for this trade scenario than we could begin to fathom.