Dell Demps addressed the media on Friday in regards to the killed Chris Paul trade.

"We've been given autonomy to make another trade," said Demps.

Demps added that owners frequently back out of trades that are close to being complete.

Demps laughed off a question that he considered stepping down.

"That's not true at all," said Demps. "I'm having the time of my life."

Demps says "everything is back on the table" in terms of trade discussions.

Sources tell Howard Beck of the New York Times that the NBA wants the Hornets to get younger players and quality picks in the trade.