SUNDAY, 8:48am: High-ranking officials from the teams involved in a potential Howard trade tell Amico that the Cavs have walked away from the deal again, ending all recent talks (Twitter link).
SATURDAY, 9:12pm: Magic general manager Rob Hennigan wants to build his team in a similar fashion to how the Thunder were constructed, writes Kennedy (via Twitter). This plan would require Orlando to acquire multiple lottery picks and successfully draft players who would turn into superstars.
7:07pm: The Magic prefer draft picks and young prospects as the team is not interested in making the playoffs as an 8th seed, tweets Kennedy. Orlando hopes to completely rebuild its roster if the team trades Howard.
6:41pm: The Cavs are seeking assurances from Bynum that the big man would sign an extension with the team before talks intensify, says Sam Amico of FOX Sports Ohio (Sulia link).
5:02pm: Jason Lloyd of the Akron Beacon Journal says that while it makes sense the Cavs have entered the discussion again given their involvement in the rumored Howard/Nets deal last week, the Cavs and Magic would both be looking for draft picks as part of the deal, and the Lakers don't have any to spare (Sulia link).
4:22pm: The Lakers, Magic and Cavs have discussed a three-team deal that would send Dwight Howard to L.A., Andrew Bynum to Cleveland and provide the Magic with draft picks, prospects and cap relief, Alex Kennedy of HoopsWorld reports (Twitter links). Details are scarce and the situation is fluid, but the deal would make sense, says fellow HoopsWorld scribe Steve Kyler, especially if Bynum winds up in Cleveland, since the Magic prefer to acquire other assets instead of another veteran center (Twitter links).
Both the Rockets and the Lakers continue to pursue D12 and have been in contact with the Magic, Kennedy says, via Twitter. An earlier report by David Pingalore of local TV affiliate WKMG in Orlando suggested that a deal between the Lakers and Magic was in place and would be announced shortly, though Kyler suggests such reports might have been leaked to entice the Rockets to up their offer, and said he did not think a deal with the Lakers would be announced this week (Twitter links).
Kennedy said it's hard to tell whether the Rockets or Lakers are in the lead for Howard's services as the Magic weigh all their options (Twitter link). Kyler tweets that the Lakers' willingness to take on Jason Richardson's contract is appealing to Orlando, but the Magic still want more relief. Former Magic director of player development Adonal Foyle told Kyler yesterday he believes the Magic will wind up trading Howard to the Rockets, since they're the only team willing to take on Orlando's unfavorable contracts (Twitter links).