NEW ORLEANS — The NBA, as owners of the New Orleans Hornets, won’t trade All-Star guard Chris Paul to the Los Angeles Lakers.  A proposed three-team trade that would have sent Chris Paul to the Lakers has fallen apart, according to executives involved in the talks.

A source confirmed a Yahoo! Sports report that the NBA called off the trade after owners pushed back against the league-owned Hornets for trading the star point guard.

The chaos unfolded only hours after the league and the players ratified a new collective bargaining agreement ahead of Friday’s opening of training camps.

The NBA denied that the owners nixed the deal.

“It’s not true,” NBA spokesman Tim Frank said. “The deal was never discussed at the Board of Governors meeting [on Thursday]. The league office declined to make the trade for basketball reasons.”

Earlier Thursday, the Hornets had agreed in principle to trade Paul to the Lakers for Pau Gasol and Lamar Odom. The Rockets, the third team in the trade, would have acquired Gasol from New Orleans, which would have received shooting guard Kevin Martin, power forward Luis Scola, point guard Goran Dragic and possibly a first-round pick from Houston.

Other teams in the hunt for Paul were informed of the pending trade by the Hornets on Thursday afternoon, according to a source close to the process. The Celtics and Warriors are among the clubs that have been pursuing Paul, who can opt out of his contract and become a free agent after the season.

With the possibility of losing the franchise cornerstone without compensation next summer, Hornets general manager Dell Demps has been seeking a combination of players and draft picks to serve as a foundation in the post-Paul era. There were always suspicions around the league, however, that commissioner David Stern would not allow a big-market team like the Lakers the opportunity to create the latest superteam at the expense of his Hornets.

Posted By: @BrookLynnDiva