The Nets’ hopes of landing Dwight Howard and creating a juggernaut in Brooklyn were dealt a potentially fatal setback Wednesday when the Orlando Magic suspended trade talks surrounding their superstar center.
A person involved in the negotiations confirmed that the talks between the Nets and Magic were over, at least for now, and quite possibly for good.
Unable to work a trade for Howard, the Nets worked out a $60 million, four-year contract extension with their current center, Brook Lopez.
Lopez had been linked to the Magic in trade talks for months, but now he knows he will at least begin the season in Brooklyn. He is ineligible to be traded until Jan. 15.
The Nets already have re-signed Deron Williams and Gerald Wallace in a busy offseason, plus acquired All-Star Joe Johnson from the Atlanta Hawks.
Duncan re-signsThe San Antonio Spurs re-signed Tim Duncan for at least a 16th season. Terms were not disclosed, though Yahoo Sports cited anonymous sources in reporting it was a three-year, $36 million deal . . . The Los Angeles Lakers formally welcomed Steve Nash to their training complex Wednesday in El Segundo, Calif, a week after reaching a deal to get the superstar point guard from the Suns . . . Nash’s likely replacement in Phoenix, restricted free agent guard Eric Gordon, signed a four-year, $58 million offer sheet from the Suns, meaning the New Orleans Hornets would have to match that in three days to keep him.. . . The Los Angeles Clippers signed Blake Griffin to a five-year contract extension late Tuesday night that could be worth up to $95 million. In addition, the Clippers signed former sixth man of the year Jamal Crawford Wednesday . . . The Knicks brought Marcus Camby back to New York in a sign-and-trade with Houston and re-signed guard JR Smith . . . The Toronto Raptors acquired point guard Kyle Lowry from Houston and signed fellow guard Landry Fields to a three-year offer sheet worth nearly $20 million that the Knicks would have three days to match . . . The Golden State Warriors agreed to send Dorell Wright to the Philadelphia 76ers in a three-team trade that will net guard Jarrett Jack from New Orleans, two people familiar with the decision said . . . The Trail Blazers will match any offers for restricted free agent swingman Nicolas Batum, said general manager Neil Olshey. Batum and the Minnesota Timberwolves agreed last week to terms on a four-year, $45 million offer with bonuses that could push it past $50 million . . . Center Chris Kaman announced on his Twitter account that he is going to Dallas to play with Dirk Nowitzki. Dallas didn’t announce any deals Wednesday.