My 5 would be:
Shaq
Olajuwon
Kobe
Jordan
Magic Johnson
Malone might have a point though. Would you really want jordan and kobe on the same team? You need a Pippen type of player who can do everything. That's why Having pippen or lebron instead of kobe or jordan would improve the quality of your team.
Also, Shaq and the Dream ... one of them needs to be replaced by a Duncan type of player who has a bit more range.
In terms of having a balanced team..
Pg - Gary Payton
Sg - Jordan
SF - Lebron
PF - KG or Duncan
C - Kareem, Shaq, or Dream.
That would provide offensive/defensive players at every position and only one major ballhog.