10:55am: TNT's David Aldridge hears that, whether or not the offer Givony reported is actually on the table, there's "no way" the Kings would accept it (Twitter link). However, SI.com's Sam Amick (Sulia link) cites a variety of reasons why it makes sense that Evans would be available for the right price.
10:32am: After completing one trade this morning, the Rockets appear to be engaged in discussions with the Kings on another deal. According to Jonathan Givony of DraftExpress.com (Twitter link), the Rockets have offered Kyle Lowry, the No. 14 pick, and the No. 16 pick to the Kings in exchange for Tyreke Evans and the No. 5 pick. However, SI.com's Sam Amick hears from two sources that such an offer isn't on the table (Twitter link).
Houston has already been busy today, acquiring the No. 18 pick from the Timberwolves in a trade for Chase Budinger. The Rockets are reportedly looking to stockpile assets in an attempt to land a superstar such as Magic center Dwight Howard, so presumably any deal with the Kings would represent another step in that direction.
The Kings have been rumored to be interested in moving down in the draft, having worked out and targeted players such as Moe Harkless and John Henson, who would be reaches at No. 5. Top prospects like Thomas Robinson, Michael Kidd-Gilchrist, Bradley Beal, and Harrison Barnes have declined the opportunity to work out for the Kings, leading to speculation that they don't want to end up in Sacramento, tweets Marc J. Spears of Yahoo! Sports.
Although Lowry's 2011/12 cap figure ($5.75MM) is more expensive than Evans' ($4.15MM), Lowry arguably has the better contract — he'll remain under contract for two more years at about $6MM annually, while Evans is eligible for a long-term extension this offseason and will hit restricted free agency next summer.