On his Twitter account, he expressed the backlash of the owners over this deal, stating, "The NBA has caved to pressure from owners that the appearance of this deal, on heels of lockout, had to be stopped, sources tell Y! Sports."
It is a shocking revelation, after millions in Lakers nation had started rejoicing over the possibility of having Chris Paul play alongside Kobe Bryant.
David Stern has faced harsh criticism during the NBA lockout, and his popularity will most likely not improve after his latest action.
Don't expect David Stern to run for governor of California anytime soon.
The Lakers were presumably giving up the most in this deal.
But, in L.A., it's about the glitz and glamour.
With the Lakers bringing in Chris Paul, they would have rivaled the Miami Heat in fighting for the national headlines.
For now, Lakers fans will have to deal with another season of Pau Gasol and Lamar Odom.
Things could be a whole lot worse, Lakers Nation. Tonight, dreamers will once again will have to dream.
Follow me on Twitter @RyanNAnthony