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NBA’s Stern Says Chris Paul Trade Veto Based on Guard’s Value With Hornets

National Basketball Association Commissioner David Stern said today he vetoed the trade of Chris Paul to the Los Angeles Lakers because it was “more valuable” to keep the All-Star guard with the New Orleans Hornets.

Stern spoke in a brief interview at the NBA’s New York headquarters building a day after blocking Paul’s trade to the Lakers.

NBA spokesman Tim Frank said earlier that the deal was blocked for “basketball reasons.” The league owns the Hornets and is trying to sell the club.

To contact the editor responsible for this story: Larry Siddons at lsiddons@bloomberg.net

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