Dwight Howard Trade Rumors: Houston Rockets' Deal Hits Standstill

Alvaro AlfaroCorrespondent IIJuly 14, 2012

BOSTON, MA - FEBRUARY 06:  Dwight Howard #12 of the Orlando Magic reacts after he is called for a foul in the second half against the Boston Celtics on February 6, 2011 at the TD Garden in Boston, Massachusetts. The Celtics defeated the Magic 91-80. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)
Elsa/Getty Images

The Houston Rockets' trade offer for Dwight Howard, which seemed too good to be true, was in fact too good to be true.  

It was first reported that the Rockets were willing to trade just about everything under the sun for the Orlando Magic's six-time All-Star.

The speculation was that the Rockets would take on more than one bad contract from the Magic— meaning Houston would take on Jason Richardson, Hedo Turkoglu, Glen Davis and Chris Duhon in some combination. The Rockets would also hand over all three of the team's first-round picks from this year's draft.

This was just the type of package that Orlando has been patiently waiting for. The Magic would shed cap space, get rid of either Turkoglu or Richardson's contract, bring in a crop of young talent and, most importantly, ship out Duhon.  

Alas, none of that was true.

Recent reports from David Aldridge from NBA.com claim:

The Rockets, according to a league source briefed on the discussions, are willing to take one bad contract back from the Magic, not two or three, as has been speculated. And in return, Houston will give up one of the their three first-round picks in last month’s Draft– Jeremy Lamb, Royce White or Terrence Jones –but only one.

Houston would also send a future draft pick to Orlando, which is presumably the lottery-protected pick that the Rockets received from sending Kyle Lowry to the Toronto Raptors. The Rockets would also be willing to send a veteran player to the Magic in order for Orlando to clear $10-15 million of cap room.

Even though the Rockets used the amnesty provision on forward Luis Scola on Friday in order to take on the Magic's unwanted contracts, no trade went through. In fact, both teams weren't as close to trading as many speculated them to be.

And with that note, the Dwight saga continues until the next episode of events.

In other news, Howard likes yellow hats.