"The Orlando Magic have informed teams that they're ending trade talks for Dwight Howard and plan to start the season with the All-Star center on their roster, league sources told Yahoo! Sports.

The Magic's decision came Wednesday after the Nets assembled a multiteam trade proposal for Howard that would have sent the Magic center Brook Lopez, Portland Trail Blazers forward Gerald Wallace, point guard Jordan Farmar and a first-round draft pick. The Nets also would have taken on Chris Duhon and Hedo Turkoglu. The Blazers would have received four draft picks for Wallace.

With the framework of a deal in place, talks had reached the ownership level in Orlando, league sources said. Nevertheless, Magic ownership did not approve of the trade, and general manager Otis Smith then informed teams Howard had been removed from the market."