The New Orleans Hornets, Los Angeles Lakers and Houston Rockets have resubmitted to the NBA a trade that would send Chris Paul to the Lakers, according to multiple reports Saturday.
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The deal is "still on life support, even though people tried to kill it," a source close to the situation told the Los Angeles Times.
According to the few details known about the new deal, Paul goes the Lakers, Pau Gasol to the Rockets, and Houston still sends Kevin Martin, Luis Scola, and a 2012 first-round pick to the Hornets, Yahoo! Sports reported.
Trade talks had resumed late Friday after NBA commissioner David Stern nixed a seemingly finished three-team deal that would have sent the four-time All-Star to LA.
The Lakers had agreed to send Pau Gasol to Houston and Lamar Odom to New Orleans as part of the original proposed deal. The Rockets would have traded Luis Scola, Kevin Martin and Goran Dragic to the Hornets. New Orleans also would have obtained a 2012 first-round pick from Houston.
Stern was forced to defuse a storm of criticism over the league’s shocking veto of the initial deal. In a statement issued Friday, Stern said the league’s decision, since it owns the New Orleans Hornets, was in the "best interests" of the team from a basketball standpoint.
The New York Times reported Friday the NBA has directed Hornets general manager Dell Demps to find a younger set of players in exchange for Paul to better ensure the long-term success of the Hornets.
The Hornets are trying to trade Paul because the 26-year-old has made it clear he will not sign an extension, and is set to become a free agent at the end of the season.
The team’s trading partners are limited, however, since no team will likely trade for Paul unless he commits to signing a long-term deal.