According to Yahoo Sports:
Chris Paul’s(notes) agent informed New Orleans officials on Wednesday that his client will not sign a contract extension and wants to be traded to the New York Knicks, league sources told Yahoo! Sports.
As soon as the NBA lifts its lockout restrictions, Hornets general manager Dell Demps wants to meet with Paul and hear that directive from him.
Nevertheless, the prospects of the Hornets executing a trade with the Knicks appear to be relatively dim. The Knicks simply don’t have the trade assets that come close to meeting New Orleans’ criteria for a deal. Demps has been listening to overtures from teams around the league, and has been actively working under the assumption that Paul would reject a contract extension.
Simply put, this could get ugly. He wants to be in NY, the Knicks want him, but the Knicks have no pieces to trade. Unlike the Anthony deal, in which guitar Jim overrode Donnie and gave up 5 starters and 4 draft picks, the Knicks have nothing on the roster that New Orleans (or any other team in the league) would want in return for a superstar like Paul. If this trade is going to happen, I think it will happen at the 11th hour. I do not expect a deal to get done before the season starts. If the Knicks were smart they would contact Paul behind the back of New Orleans and tell him to play hard ball. If the Knicks want to make this a great trade, they need to give up as little as possible. Paul and the Knicks have all the leverage here. New Orleans has very little leverage. New Orleans could have some great offers out there for Paul but no other team will agree to a deal unless Paul signs an extension. If he really wants to be a Knick, he needs to keep his mouth shut (unlike Melo who publicly said he wanted a max deal) and hold his ground about becoming a Knick. The only way this trade happens is if New Orleans gets desperate to make a deal and they accept a lesser trade from the Knicks.Follow @tarmosino