While it's definitely a unique circumstance given that the New Orleans Hornets are currently owned by the league, there was just no reason for Stern to exercise his power in disallowing this deal to go through.
Furthermore, the commissioner has been rather unreasonable in trade discussions with the Los Angeles Clippers, basically asking for every potential asset in return for the prized point guard.
Not including draft day swaps (i.e., Dirk Nowitzki for Robert "Tractor" Traylor), here are 10 trades that passed through the commissioner's office rather inexplicably.
Sacramento Kings Receive: Mitch Richmond, Les Jepsen, second-round pick
Golden State Warriors Receive: Billy Owens
What were the Warriors thinking in this one? Trading away a stud like Richmond during the pinnacle of his career is not a move that should've been made.
Richmond enjoyed some smooth sailing with the Kings during his tenure with the club, while Owens never exactly lived up to the hope that the front office may have held for him.
Orlando Magic Receive: Grant Hill
Detroit Pistons Receive: Ben Wallace, Chucky Atkins
This deal would have been much higher up on the list had Hill been able to remain consistently healthy for the Magic, but it was egregious despite the injury issues the swingman had.
Hill was coming off of five straight seasons of over 20 points per game at the time he was dealt, and what the Pistons got in return was nowhere near equal value.
Los Angeles Lakers Receive: Pau Gasol, second-round draft pick
Memphis Grizzlies Receive: Kwame Brown, Aaron McKie, Javaris Crittenton, two first-round picks, draft rights to Marc Gasol
At the time of the trade, the entire NBA universe was up in arms about how the Lakers were able to swoop in and steal a franchise-changing player in Gasol for practically nothing in return.
While the deal looks far-less one-sided now given the emergence of his younger brother Marc for the Grizzlies, it still remains rather incredible that this deal was allowed to go through.
Indiana Pacers Receive: Jermaine O'Neal, Joe Kleine
Portland Trail Blazers Receive: Dale Davis
The Pacers scored huge with this move, as the team gave up just Davis and turned him into a player who would serve as the franchise face of the team and make several All-Star rosters.
Davis served as a nice energy guy for Portland and provided some quality minutes, but the impact O'Neal had in Indiana was far greater.
Phoenix Suns Receive: Charles Barkley
Philadelphia 76ers Receive: Jeff Hornacek, Andrew Lang, Tim Perry
Barkley absolutely crushed it during his time with the Suns, as the bruising forward never averaged less than at least 21 points and 11 rebounds during his time with Phoenix.
Perhaps the Sixers felt that this was the best deal that the team could get in exchange for him, but given how successful he was in Philadelphia prior to the trade, it's hard to believe that.
Los Angeles Lakers Receive: Kwame Brown, Laron Profit
Washington Wizards Receive: Caron Butler, Chucky Atkins
At the time this deal went down, almost nobody understood exactly why the Lakers gave up on Butler for Kwame Brown, and fans of the team are still rather perplexed that the move was ever made.
Butler was emerging as a solid player for the team, and Brown drew the ire of Kobe Bryant more than one time while the two were on the same roster.
Golden State Warriors Receive: Baron Davis
New Orleans Hornets Receive: Speedy Claxton, Dale Davis
Where was David Stern on this one?
Claxton played just a single season for the Hornets (12.3 ppg) before moving onto Atlanta, where his career ended shortly thereafter, and Davis was released shortly after the deal was made.
In exchange, the Warriors got a leader for the franchise and a player who helped lead the franchise to some of its most exciting moments in recent history.
New Jersey Nets Receive: Vince Carter
Toronto Raptors Receive: Alonzo Mourning, Aaron Williams, Eric Williams, two first-round draft picks
Mourning never played a game for the Raptors, the other two players barely made an imprint and the Raptors traded away one of the more prolific players in franchise history.
Perhaps Stern should've thought twice before giving his green-light approval for this one to go through.
New York Knicks Receive: Antonio McDyess, Frank Williams, second-round pick
Denver Nuggets Receive: Marcus Camby, Nene, Mark Jackson
There's no question that the Knicks would like to have this trade back if the team could hit the "re-do button," but unfortunately, that's not an option.
The Knicks got just 18 regular-season games out of McDyess, and perhaps the issue the team has had consistently with an inability to find a big man (before the Tyson Chandler signing) could have been fixed had Nene still been in the fold.
New York Knicks Receive: Eddy Curry, Antonio Davis, first-round pick
Chicago Bulls Receive: Jermaine Jackson, Tim Thomas, Mike Sweetney, two first-round draft picks, two second-round draft picks
Curry arrived to the Knicks out of shape and without motivation to do much, and he played just three "meaningful" seasons for the club.
He never developed into the player Isaiah Thomas was hoping that he'd become, and he wasted a ton of the team's money collecting paychecks while sitting on the bench and not playing.