On the same day that reports indicated that the New Orleans Hornets had engineered a 3-team trade that would have sent All-Star point guard Chris Paul to the Los Angeles Lakers, the trade, which also was to include the Houston Rockets, will not take place as expected.
Yahoo Sports reports that the NBA, which owns the Hornets and has veto power over all personnel moves, stepped in after prompting from unnamed NBA owners at Thursday's Board of Governors meeting.
The NBA has killed the proposed deal to send Chris Paul to the Los Angeles Lakers, league sources tell Yahoo! Sports. The NBA has caved to pressure from owners that the appearance of this deal, on heels of lockout, had to be stopped, sources tell Y! Sports. "The deal is off," a source involved in the talks tells Y! Sports. "It's dead."Ken Berger of CBSSports.com confirmed that the blockbuster deal is now "dead" and that the NBA "pulled the plug" on the trade.
As word of the deal's rejection spread, Paul posted a one-word message on Twitter: "Wow."
ESPN.com reported that Paul was "fuming" about the blocked deal and "exploring [his] legal options" to protest the NBA's decision with the help of National Basketball Players Association executive director Billy Hunter.
NBA.com reported later Thursday that NBA spokesman Tim Frank issued the following statement: "Not true that owners killed the deal...League office declined to make the trade for basketball reasons."