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.