Formerly known as the rookie/sophomore game, the league changed the format least year to feature the best American-born first and second year players against similar international players.
In addition to Russell and Clarkson, the U.S. team will include
Fellow Lakers Julius Randle, Larry Nance Jr., Anthony Brown and Tarik Black were not selected.
The World team will include
Lakers rookie guard Marcelo Huertas was left off the list.
Clarkson had hoped to represent the Philippines on the international squad, but the NBA based the criteria on birth country, not descent.
"I think it would be cool to represent the Philippines and the country," Clarkson said on Monday at the prospect of being selected for the event. "I'm just happy to be playing, because even if I'm on the USA team I'll be representing the country."
Despite eventually earning all-rookie honors by the NBA last year, Clarkson was overlooked for last year's exhibition.
The rosters were put together by the NBA's assistant coaches, selecting four guards, four frontcourt players and two wildcard players at either position, for each squad. A minimum of three first-year and three second-year players were required for each team.
Other Lakers who have participated in the event, when it was known as the rookie/sophomore game, include