Update - 2:00 PM: According to league sources, the deal between the New Orleans Hornets and the Los Angeles Clippers for Chris Paul "has died." The sides can still restructure a deal, but it appears the Clippers are resisting the steep asking price.
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The Los Angeles Clippers are reportedly refusing the New Orleans Hornets’ steep asking price for All-Star guard Chris Paul and the “deal could be dying,” Adrian Wojnarowski of Yahoo! Sports tweets.
The two teams reportedly submitted a deal for the NBA’s approval this morning which would have sent Chris Kaman, Al-Farouq Aminu, a 2012 first-round pick, and potentially emerging star Eric Gordon to New Orleans in return for Paul. The league, however, reportedly wanted the Clippers to give up more. Paul has been a focal point since the NBA has re-allowed transactions following the end of the NBA lockout. The 26-year-old guard has made it clear that he would like to leave New Orleans, however a deal for the former Rookie of the Year has been hard to come by. The Los Angeles Lakers believed they had a deal in place late last week before it was nixed by the league. The Boston Celtics and the New York Knicks have also expressed interest in the services of Paul, however neither team was able to put together a package to acquire him.