2:56pm: The Hornets intend to shut down trade discussions for Kaman and bring the center back to the team, according to ESPN.com's Marc Stein and Chris Broussard. It's unclear whether the stance is firm or whether New Orleans will field more offers before March 15th.
2:40pm: After reporting earlier this week that the Hornets and Rockets have had "extensive discussions" about Chris Kaman, Sam Amick of SI.com tweets that talks between the two sides have backtracked as of yesterday.
There were indications following Amick's initial report that the Hornets and Rockets weren't moving any closer to a deal, as Mark Berman of FOX 26 Houston said the chances of a trade were "low." Jimmy Smith of the New Orleans Times-Picayune also suggested that the Pacers, not the Rockets, may be the frontrunner to land Kaman.
Steve Kyler of HoopsWorld reported yesterday that the Hornets are seeking players on their rookie deals or a first-round pick in this year's draft. It's awfully hard to imagine any team offering even a late first-rounder to take on Kaman's $14MM+ salary, but as the Chris Paul negotiations showed, the league-owned Hornets likely won't make a deal unless they receive compensation they perceive to be fair.