"The Lakers, Hornets and Rockets reached agreement on the framework of a revised trade sending Chris Paul to the Lakers Saturday, pending the resolution of some moving parts and approval by the commissioner's office, multiple sources told CBSSports.com.

Houston would still get Pau Gasol from the Lakers in the three-team swap, while the Rockets would send Luis Scola and Kevin Martin to the Hornets, as in the original version that was killed by commissioner David Stern in his role as final decision-maker on major personnel moves for the league-owned Hornets. It wasn't immediately clear how the Hornets were satisfying the league directive to acquire young players and valuable draft picks in the deal, but one minor tweak that New Orleans GM Dell Demps was trying to add was the inclusion of second-year forward Devin Ebanks from the Lakers, sources said.

There were no indications that Andrew Bynum would be included in the new iteration of the trade, or that Emeka Okafor and the $41 million left on his contract would be going to the Lakers. While that substantial adjustment to the original deal terms might satisfy the league's objective to have Paul replaced in New Orleans by a combination of young talent and better financial books, it would also run counter to the Lakers' goal of trying to acquire Paul as a table-setter for a run at 2012 free agent center Dwight Howard."