How about this for realistic... someone would have to take less money, maybe it'll be LeBron:
PG Chris Paul (FA)
SG Irving
SF Paul George (trade Love, he'd be beloved in Indy)
PF LeBron
C Noel (FA)
Backups:
Get JaVale McGee. He's a goof but he's been very valuable off the bench.
Get Jeff Teague, he's cheaper (8 mil) that some options and he has a high assist %. Or trade for Ish smith (6 mil).
Get Liggins again. Never should have let him go. His defense would nice to have right now.
Get Clint Capela or Bismack Biyombo... terrible on offense but have very good Block %
Find a dead eye three point shooter
Irving just isn't a PG, but he does have skills. Tell Irving to get up on his man and deny the 3, and Noel can clean up. Love just doesn't fit on this team, I feel. He's post up or 3, and he can't jump. You can maybe keep Tristan Thompson if you san stay under the cap, but I'd rather trade him for something.