Ring the bell, the Los Angeles Lakers have won the 2012 NBA offseason.
After already acquiring future Hall of Fame point guard Steve Nash in a sign-and-trade with the Phoenix Suns, the Lakers made another massive splash by acquiring disgruntled center Dwight Howard in a four-team trade.
A source with direct knowledge of the talks told ESPN.com's Marc Stein the Lakers will receive Howard, the Denver Nuggets will acquire Andre Iguodala, the 76ers will receive Andrew Bynum and Jason Richardson, and the Magic will get Arron Afflalo, Al Harrington, Nikola Vucevic and one protected future first-round pick from each of the three teams.
The Lakers also will acquire Earl Clark and Chris Duhon, a source told ESPN The Magazine's Chris Broussard.
When blockbuster moves like this go down, so do the NBA championship odds for the teams involved. What do the odds look like now? Here's an updated look at the favorites to win the 2012-13 NBA championship.
(All odds via Bovada.lv)