According to Peter Vecsey and Evan Grossman of the New York Post, the Rockets and Raptors were ready to make a trade. Hakeem Olajuwon for a future 1st round pick. Then Olajuwon hit the brakes.

The Pacers had a deal in place that would have sent Austin Croshere to Boston, Vitaly Potapenko to Houston and Olajuwon to Indiana. Sam Perkins and his non-guaranteed contract may have been involved as well.

In Knick news, New York remains desperate to acquire a point guard. In addition to Charlie Ward, the Knicks are willing to part with Othella Harrington as well.