The Los Angeles Lakers have pulled out of the Chris Paul sweepstakes.

NEWS: Lakers pull out of Trade with Hornets, Lamar Odom to Dallas

The ongoing discussions between the Los Angeles Lakers and New Orleans Hornets have been progressing for the past five days. According to Marc Stein of ESPN these talks have now broken off after both sides tried to re-work the deal once it was rejected by the NBA and commissioner David Stern.

For the Lakers, they’ve decided to trade Lamar Odom to Dallas for their trade-exception. It gives the Lakers some much needed cap space as well giving Odom a new place to play basketball.

However, the real story is what all this means for the New Orleans Hornets and general manager Dell Demps. It’s much known among the Hornets community that Chris Paul does not want to be on the team. For whatever reason he wants to leave and the Hornets have obliged by trying to get rid of him as soon as possible.

Now that the Lakers have broken off talks the Hornets are in a precarious position needing to get value for CP before he bolts in free-agency.

New Orleans plan for free-agency is ruined every minute Paul is on the team. The Hornets can’t go out and get Paul help knowing that he’s gone in six months. They can’t not get him help knowing that it will make him more disgruntled and the team worse.

This has ruined the Hornets goal to rebuild through gaining trade assets and getting first-round draft picks and youthful talent.

So what do the Hornets do now? This deal may be broken off and the questions will surround whether they can resurrect it, but that looks doubtful. Dell Demps will have to go back out and find some teams that are interested. Golden State didn’t want Paul, nor did the Clippers. Now the Lakers are out and the one option being left is the awful Boston Celtics who have recently signed David West.

Things don’t look good in New Orleans, they look downright disastrous.

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