After widely reported talks between the Nets and Magic for a Dwight Howard trade failed to go anywhere (twice!), the Nets now have reportedly decided to stop wasting their time.
The Nets killed their pursuit of Howard on Wednesday by agreeing to a max contract extension with center Brook Lopez, who was believed to be a centerpiece in any potential trade making Howard Brooklyn-bound. Even after they acquired Joe Johnson, the Nets remained in the hunt, but evidently now they felt their efforts were futile.
“We’ve moved on,” a source told ESPN. “It just got to a point where we couldn’t keep going back and forth with Orlando. They had about 14 days to do something and didn’t. We just had to move on, and we felt that way [Wednesday] morning.”
Lopez’s extension is reportedly worth $61 million for four years. Under the CBA, it also makes the soonest a Howard-to-the-Nets trade (well, one involving Lopez, at least) can happen Jan. 15.
Unless another team can step up and come to an agreement ...