Chris Paul to Lakers deal back from the dead. Maybe. But modified.

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A little more than 24 hours after the iron fist of David Stern crushed the Chris Paul to the Lakers trade because small market owners complained it was not good for the Hornets, we know four things.

1. Chris Paul is going to be traded. Sooner rather than later.

2. The Lakers’ and Hornets’ three-team deal is gaining momentum again in a modified form and could come to pass, still sending Paul to Los Angeles (although the Rockets may not be the third team in the final version).

3. Other teams and deals are getting a look at it as well.

4. Cavaliers owner Dan Gilbert and some other small-market owners probably won’t like whatever Hornets GM Dell Demps does anyway.

On Friday the three teams that had their old deal fall apart started looking at ways to sweeten the deal and make it more palatable to Stern. It was Stern wearing the hat of the Hornets owner — not commissioner — that killed the deal, he said in a statement.

“Since the NBA purchased the New Orleans Hornets, final responsibility for significant management decisions lies with the Commissioner’s Office in consultation with team chairman Jac Sperling. All decisions are made on the basis of what is in the best interests of the Hornets. In the case of the trade proposal that was made to the Hornets for Chris Paul, we decided, free from the influence of other NBA owners, that the team was better served with Chris in a Hornets uniform than by the outcome of the terms of that trade.”

That is the company line. Do with it as you will.

What matters is the word that got back to those teams was that the Hornets had to get younger players and more picks in any deal for Paul. In the old deal, they would have gotten Lamar Odom, Kevin Martin, Luis Scola, Goran Dragic and a first-round pick. While that is three solid starters and a backup point guard, they would all have had to been flipped for other parts to rebuild. Stern apparently wants less talent now and more building blocks.

There were multiple reports Friday tonight that the sides were making progress. David Aldridge at NBA.com summed up the mood and reports pretty well.

A source directly involved in the negotiations told Aldridge that progress had been made in a potential trade of Paul from the New Orleans Hornets to the Los Angeles Lakers. However, the trade was not expected to be completed Friday and could have several more incarnations before being completed, if it is completed at all.

There is cautious optimism, but we are a ways from a deal.

Meanwhile, Demps said his is listening to teams that had lost out before, which likely includes Golden State, Boston and others. It is also possible that the Rockets could be moved out as the middle man and a team like the Indiana Pacers take their spot, to provide younger players and picks.

It may not have happened as Demps — and Lakers fans — originally envisioned. But Paul will be traded soon, and the Lakers still seem to be the most likely landing spot.

Bulls big man Cristiano Felicio out 4-8 weeks with broken wrist

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This is not going to impact the Bulls’ rotations — Cristiano Felicio has yet to touch the court for the Bulls this season — but it’s a setback for a player trying to prove he belongs in the NBA.

Felicio fractured his wrist during the Bulls practice Monday and will be out at least a month, reports K.C. Johnson of NBC Sports Chicago.

Cristiano Felicio, who has yet to land on the active roster this season, broke his right wrist after falling in Monday’s practice, according to coach Jim Boylen. The Bulls’ coach said Felicio will miss four to eight weeks with the injury.

“We had the X-ray. It did not show up on the X-ray. Then we had the CT scan and it showed up on the CT scan,” Boylen said. “We’re going to do an MRI (Wednesday) just to let them give us a little more certainty on maybe how much separation there is in there and how much time it will be.”

The Bulls gambled on Felicio a couple of years ago and signed him to a four-year, $32 million contract. That roll of the dice has come up snake eyes so far, with Felicio playing a limited role the first two seasons — and this season no role at all.

It is expected the Bulls will try to use Felicio’s salary in any trade packages they put together closer to the deadline, this injury would not impact that.

Asked about getting stabbed in back, Chris Paul says trade from Rockets

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Chris Paul has gotten traded three times in his career.

New Orleans sent him to the Clippers – but only after David Stern nixed a deal with the Lakers – in 2011. In 2017, Paul engineered a trade to the Rockets by opting in. Then, in an unprecedented star swap, Houston dealt Paul to the Thunder for Russell Westbrook last summer.

Paul recently discussed trades with comedian Kevin Hart.

Hart:

Why is it always such a crazy time when it comes to these trades and whether they’re happening. You’ve been part of some big conversations. Is it at a point where it’s just business, or is it becoming personal?

Paul:

Every situation is different. But the team is going to do whatever they want to do. They’ll tell you one thing and do a smooth nother thing.

Hart:

That’s the business side.

Paul:

Exactly.

Hart:

Do you feel like there’s been times where, “Damn, that’s a little eye-opening. I got stabbed in the back”?

Paul:

Absolutely. This last situation was one of them. The GM there in Houston, he don’t owe me nothing. You know what I mean? He may tell me one thing but do another thing. But you just understand that that’s what it is.

Rockets general manager Daryl Morey is an easy target right now. Many people around the NBA resent him tweeting support for Hong Kong protesters (who are trying to maintain and expand their freedoms) and costing the league significant revenue in China.

But, in this case, Morey brought it upon himself. He said in June he wouldn’t trade Paul then did so, anyway.

Maybe that was to protect Paul’s feelings if he stayed in Houston. In that case, Morey could tell Paul he believed in him all along. There’d be no way to know Morey was fibbing. Now that Paul is gone, Paul being upset is someone else’s problem. It’s a common tactic by executives.

Paul reportedly requested a trade from the Rockets, but he denied it. I don’t necessarily believe Paul. There was plenty of evidence of tension between him and Harden. It’d be pretty conniving to request a trade then throw Morey under the bus for making the trade.

But Paul’s denial of a trade request is on the record. So is Morey’s declaration that he wouldn’t trade Paul.

Morey must own that.

Report: Rockets have lost about $7M in China revenue this season, $20M overall

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Rockets general manager Daryl Morey’s tweet supporting Hong Kong protesters, who are trying to maintain and expand their freedoms, has cost the NBA and its players a lot of money in China.

Probably no team has been harder hit than Houston.

Early estimates pegged the Rockets’ potential lost revenue at $25 million. It apparently hasn’t been quite that bad yet, but it’s already close. And the effects are trickling down to Houston star James Harden.

Kevin Arnovitz of ESPN:

League sources say the franchise has lost more than $7 million in revenue this season from cancelled Chinese sponsorship agreements and nearly $20 million overall when terminated multiyear deals are calculated.

For their superstar James Harden, the losses could be considerable if no resolution is reached. A source says Harden’s endorsement agreement with Shanghai’s SPD Bank Credit Card is imperiled.

This is why NBA teams are preparing for a lower-than-projected salary cap. It’s also why the union is planning to better educate its players on global issues.

The money involved is significant.

Nets, CEO David Levy part ways after fewer than two months

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Gersson Rosas – who lasted just three months as Mavericks general manager – was the standard for a short front-office tenure in the NBA.

David Levy, whom the Nets hired as CEO in September, is out after fewer than two months.

Nets release:

The Brooklyn Nets and Barclays Center today announced that David Levy and the organization have mutually agreed to part ways. Oliver Weisberg, Chief Executive Officer of J Tsai Sports and NBA Alternate Governor of the Nets, has been named interim Chief Executive Officer of the Nets and Barclays Center.

“I want to thank David for his collaboration over the past several months and wish him well in his future endeavors,” said Weisberg. “As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan. We are proud of the culture of the Brooklyn Nets under the leadership of General Manager Sean Marks and Head Coach Kenny Atkinson, and we look forward to continue bringing the best experience to our fans.”

This shockingly short tenure raises questions. Mainly: What happened? Absent other information, good luck convincing people there’s not a scandalous story behind this.

The Nets generally appear to be in a good place. They have Kevin Durant, Kyrie Irving and a good amount of young talent. Brooklyn (4-5) has been mediocre, but this was always going to be a limbo season before Durant returns.

There have been a couple controversial incidents. Nets owner Joe Tsai spoke up during the NBA’s China-Hong Kong-Daryl Morey crisis, toeing the Chinese government’s line. A report also emerged about Nets officials being concerned with Irving’s mood swings.

Does either relate to Levy’s exit?

This vague statement leaves the door open to speculation. That isn’t necessarily fair to the people involved, but it’s what they’ll have to deal with.