According to Si.com's Sam Amick, the Nets remain in the running for Howard, but they would have to pay $107.5 million in luxury tax for him, according to the New York Daily News.
If the Nets pull off a trade with Orlando for Howard and, assuming they re-sign Howard to a max deal and keep the contracts of Deron Williams, Joe Johnson and Gerald Wallace, Prokhorov will pay a luxury tax of approximately $107.5 million over the next four years, according to a league source....
The package that the Nets would send to Orlando would likely include several draft picks, which won't end up being lottery picks, center Brook Lopez, shooting guard MarShon Brooks and power forward Kris Humphries.
A third team is probably needed to take Humphries in a sign-and-trade deal, though, and that won't be an easy sell for the Magic, who also probably want to include the contract of Hedo Turkoglu or Jason Richardson in a deal.
That's something Brooklyn can't absorb.
Brooklyn's offer just isn't an attractive one, but as long as Howard wants to go there, they remain in play.