Even though it might have been exciting for fans, the negatives far outweighed the positives for the Cleveland Cavaliers in the proposed four-team, 10-player trade.
The epicenter of the deal was to send Orlando Magic center Dwight Howard to the Brooklyn Nets. The teams enlisted the help of the Cavaliers because they had about $20 million in salary-cap space.
The Cavaliers pulled out of the blockbuster trade on July 10, multiple sources said.
There could be a number of reasons for backing out:
First and foremost, they refused to sign power forward Kris Humphries to a multiyear deal. According to the collective bargaining agreement, in a sign-and-trade, he'd have to sign at least a three-year deal, with one year fully guaranteed. They didn't want to commit to him past that one year. His agent, Dan Fegan, wants a four-year guarantee, according to reports.
They weren't crazy about the other two players they were getting, either, in swingman Quentin Richardson (long past his prime) and guard Sundiata Gaines (a journeyman at best). Those three players weren't worth sacrificing their massive salary-cap space.
Also, why would they help a team in their conference, the Nets, get the best center in the NBA? This is a team they'd have to eventually beat in the playoffs if they ever get there. Many think the Nets will turn into a super power by adding Howard to their All-Star backcourt of Deron Williams and Joe Johnson.
The coveted draft pick the Cavs were getting -- a first-rounder from Brooklyn in 2013 -- would likely be in the No. 25 range, or lower. That's not enough to take on so much salary in Humphries, Richardson and Gaines. Sure, they want to stockpile first-round picks, but this one just isn't that attractive.
So, the Cavs backed out. There were rumors on July 9 that they were starting to separate themselves from the blockbuster.
With major cap space, the Cavs could include themselves in another such deal. A league source said he expects the Cavs to make some player movement in mid-July.