The Lakers have pulled out of three-team trade talks that would have netted them Chris Paul.
The NBA rejected an agreed upon trade on Thursday between the Lakers, Hornets and Rockets. The Lakers agreed to acquire Paul in exchange for Pau Gasol and Lamar Odom. Houston would acquire for Gasol while sending Kevin Martin, Luis Scola, Goran Dragic and a first round pick. The Hornets would receive Odom, along with Martin, Scola, Dragic and the first round pick.
Sources say the Lakers will instead trade Odom to the Mavericks for their traded player exception that was acquired from the Knicks for Tyson Chandler.
The Lakers were unable to meet the demands set by the NBA and will not pursue a direct trade with the Hornets, according to a source that spoke with Adrian Wojnarowski of Yahoo! Sports.