In a stunning development announced shortly after 11 p.m. EST, the trade sending Chandler to the Thunder for the expiring contracts of Joe Smith and Chris Wilcox, plus the rights to 2008 second-round pick DeVon Hardin, was voided. It wasn't clear what issue Thunder doctors discovered, but it doesn't matter. The deal's off.
"We welcome Tyson back with open arms," Hornets general manager Jeff Bower said in a statement released by the team. "We went into this trade to garner more frontcourt depth to add to our team as we continue our push towards the playoffs. We expect Tyson and the rest of our big guys to step up to the challenge."
Thunder GM Sam Presti said in a statement: "During the course of the physical examination and outside consultations, some questions arose that gave us cause for concern. We felt that this course of action was the best for our organization.”
UPDATE: Yahoo! Sports reports that the injury in question is turf toe, which Chandler had surgically repaired a couple of years ago. Regardless, the next question is this: Where do the Hornets turn now to get the luxury tax and payroll savings they thought they'd achieved with the Chandler deal?
The cash-strapped Hornets thought they were going to save almost $12 million next season and close to $25 over the next two years by trading Chandler. The only way they can clear that much money without tearing up their team is to part with Peja Stojakovic, who is due almost $30 million over the next two years. The trade deadline just became a lot more interesting.