Chris Paul has demanded a trade, which isn't too surprising because his team is mediocre, not going anywhere, don't seem interested in dealing their best prospect even though he plays the same position as Chris, and their owner is a cheapskate who will probably never splurge enough to really put a winner on the court. On the downside, Paul has reportedly come up with a list of three teams to which he wants to be traded: New York, LA Lakers, and Orlando.

While I like the young prospects that New York has to offer, I think this is LA's offer to turn down. First off, Andrew Bynum is the best prospect in the bunch and it also doesn't hurt that the Lakers' two second round picks were the belles of the summer league ball. The one downside, however, is that they don't have an expiring deal to send the Hornets' way so they'd have to find someone to swing Lamar Odom to, if the price for CP3 is also taking on Emeka Okafor's contract.

The Knicks have some nice young talent but their recent signings have put them close to the salary cap and I don't think they can make a move that involves Okafor unless it includes Raymond Felton and he can't be moved until December (and CP3 reportedly wants out BEFORE the season starts.) The Magic have Vince Carter's expiring deal but Marcin Gortat and Brandon Bass aren't THAT enticing, they probably don't want Okafor in their offense, and I'm not sure how interested New Orleans would be in Jameer Nelson since they already have Darren Collison to run the point.

The basic deal would probably be something like: Chris Paul, Emeka Okafor, and James Posey for Andrew Bynum, Lamar Odom, Derrick Caracter, Devin Ebanks, and Sasha Vujacic. Posey's an additional salary dump (Sasha's got an expiring contract) and he could help the Lakers replace Odom.
I'm not sure how much the Hornets would want Odom so my guess is that this would be a three team deal with Lamar heading somewhere else. This shouldn't be too hard of a deal to make. If New Orleans just wants savings, the Celtics could move Rasheed Wallace and our other two unknowns on non-guaranteed deals for Odom. I'm sure a number of other teams with expiring deals or semi-guaranteed contracts might be interested in him as well.

If CP3 is gone, then the Hornets have to turn their eyes to David West. The odds of him staying in New Orleans are slim-to-none with CP3 gone. He can opt out of his deal after the season and look for greener pastures so they should look to move him as well. But that will be tomorrow's Trade of the Day.