Dwight Howard latest: Three-team deal with Bynum to Rockets in play

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The Lakers have not been able to swing a Dwight Howard for Andrew Bynum deal. The Rockets have not been able to convince Orlando to trade them Howard for picks and a few players.

So, how about a three way deal.

It’s being discussed, reports Eric Pincus at Hoopsworld (and confirmed by Marc Stein at ESPN).

HOOPSWORLD has learned that there have been preliminary discussions between the Orlando Magic, Los Angeles Lakers and Houston Rockets that would involve sending Andrew Bynum to the Rockets, Howard to the Lakers and a number of first-round picks, prospects and significant cap relief to the Magic.

The Magic are not necessarily in love with the idea of giving either Bynum or Brook Lopez a sizable, long-term commitment as they go through a major roster overhaul. Draft picks and prospects, a la the Denver Nuggets’ return on Carmelo Anthony, is said to be more appealing to Orlando.

While that’s out there, it is a long, long way from reality. Houston would have to take on Jason Richardson or one of the other Magic toxic contracts they want to dump? Is Lakers owner Jim Buss really ready to trade away Bynum and bet that Howard will re-sign when he has said he doesn’t want to go to L.A.? Tthe Rockets would be willing to rent Howard, but what about Bynum? And would Bynum agree to extend in Houston? And there are more questions.

The sides are talking, but the only thing for sure is that the Magic are talking to everyone now.

The Magic have pulled back following the death of the three-team Howard deal with Brooklyn and are looking at all their options.

That includes a straight up deal with the Nets (the one the Magic have basically rejected for a year now) or a straight up one with the Rockets not involving the Lakers. The Nets, however, are in talks with Brook Lopez and may just re-sign him and go with the team they have now (Deron Williams, Joe Johnson, et al.).