Damn if true the Clippers are screwed. The wolves were the last team to do that and the punishment was:
The league stripped the Timberwolves of five draft picks (first round 2001–2005), but it was eventually reduced to three first-round picks (2001, 2002, and 2004). The league also fined the Timberwolves $3.5 million and suspended general manager Kevin McHale for one year.
Would have to imagine the Clippers could lose 5 since it’s involving a star player.