Chris Paul Trade Veto To Be Appealed By Teams Involved, According To Report

On Thursday, a would-be mega-deal involving the New Orleans Hornets, Los Angeles Lakers, and Houston Rockets was vetoed by the NBA. Among other things, the trade would have sent Chris Paul to join the Lakers. On Friday morning, it appears that the parties involved aren't willing to accept the league's decision. ESPN's Marc Stein tweets:

CP3 Trade Latest: Sources tell ESPN com that teams involved in three-team trade blocked by David Stern appealing to NBA to reverse decision

No indication yet Stern prepared to reverse decision, but main argument is CP3 can't be dealt anywhere now if this deal doesn't go through

Of course, the three teams are appealing to the very entity that handed down the decision to begin with, so a reversal doesn't seem terribly likely. To boot, commissioner David Stern's decision was reportedly made at the behest of owners across the NBA. 

In attempting to trade Chris Paul, the Hornets are simply looking out for their own interests. But as Stein notes, if they're unable to trade Paul to the Lakers, they may be handcuffed in their efforts to deal him anywhere.

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.