Chris Paul Trade Falls Through After Los Angeles Lakers Reportedly Back Out Of Deal

Read More: Los Angeles Lakers

Multiple reports are now indicating the Los Angeles Lakers have thrown in the towel and elected to scrap a proposed three-team trade for Chris Paul. The Lakers had a deal that would bring Paul to Los Angeles on Thursday, only to see it vetoed by NBA commissioner David Stern. After getting back to work in an attempt to reconstruct the trade so that the league would approve it, the Lakers have abruptly backed away from the deal, according to reports.

Adrian Wojnarowski, among others, is reporting the trade is off.

The three-way deal to send Chris Paul to the Lakers has "fallen apart," league source involved in talks says.

And then there's this, from ESPN's Marc Stein.

Sources say Lakers will instead trade Lamar Odom to Dallas into Mavericks' new trade exception

So after all that, it appears the Lakers are content to walk away, perhaps pursuing other options and players. Just when you thought things couldn't get any stranger, they have.

Stay tuned to this StoryStream for further updates. You can also follow along with our Hornets blog, At the Hive, our Lakers blog, Silver Screen and Roll, and our Rockets blog, The Dream Shake.