Sources have denied a report that the Brooklyn Nets and Houston Rockets are nearing a verbal agreement on a trade involving James Harden.

Brooklyn would almost certainly have to build a trade package centered around Caris LeVert, Spencer Dinwiddie, Jarrett Allen and multiple first round picks.

The Rockets would prefer a young star for Harden rather than a collection of assets to initiate a long rebuild. 

The Nets have had contact with Houston on a trade, but nothing substantive has materaizlied.