Another Deal gets resubmitted to the League office!!
The New Orleans Hornets have delivered a reconstructed framework of the three-team blockbuster trade sending Chris Paul trade to the Los Angeles Lakers into the NBA office for approval, league sources told Yahoo! Sports.
In the details available to Yahoo! Sports, Paul goes to the Lakers, Pau Gasol to the Rockets, and Houston still sends Kevin Martin, Luis Scola, and a 2012 first-round pick to the Hornets. The main changes in the deal, originally nixed by the NBA, will come between New Orleans and the Lakers, sources say.
ESPN first reported the deal has been resubmitted to the NBA.
The three teams are hopeful that commissioner David Stern will approve the deal.
“Everyone in the deal is waiting for guidance from the league,” one official told Yahoo! Sports on Saturday.
The resumption of talks comes less than 24 hours after the three teams agreed on a trade only to have NBA commissioner David Stern veto it. Stern released a statement on Friday saying he blocked the trade because the league-owned Hornets were “better served with Chris in a Hornets uniform than by the outcome of the terms of that trade.”
After Stern refused Friday morning to reconsider his stunning decision to nullify the trade, the Hornets were allowed to return to talks with the Rockets and Lakers. Talks were ongoing Friday afternoon, sources said.
Stern killed the Hornets’ trade of Paul after several owners complained about the league-owned team dealing the All-Star point guard to the Lakers, league sources said. A chorus of owners were irate with the belief that the five-month lockout had happened largely to stop big-market teams from leveraging small-market teams for star players pending free agency.
The NBA took control of the Hornets ownership last December, and have been working to sell the franchise to a new group that will presumably keep it in New Orleans.
Will this NBA mega deal get past Emperor Stern?