Lakers reportedly pull out of Paul trade

Published On: Dec 11 2011 02:10:24 AM EST   Updated On: Dec 11 2011 02:13:45 AM EST

The off-again, on-again blockbuster trade talks centered around New Orleans Hornets point guard Chris Paul, are apparently off for good.


Yahoo! Sports, citing a league source involved in the talks, said a three-way deal between the Hornets, Los Angeles Lakers and Houston Rockets has "fallen apart."


The Lakers, who were trying to acquire Paul, reportedly pulled out of the deal.


The three teams initially had agreed on a trade Friday that would send Paul to the Lakers for forwards Pau Gasol and Lamar Odom.


New Orleans then would ship Gasol to Houston for Luis Scola, Kevin Martin, Goran Dragic and a 2012 first-round pick.


NBA commissioner David Stern vetoed the trade, citing "basketball reasons" while denying protests from other league owners was a factor in that decision.


The three clubs attempted to rework the deal that would see all of the major components remain in place.


The one difference is that the league, which owns the Hornets, reportedly wanted to see the club secure more draft picks and young players in the trade.


Paul, a four-time All-Star, is set to become an unrestricted free agent at the end of the coming season, and it's believed he would be open to signing a long-term deal with the Lakers.