Chris Paul’s agent informed New Orleans Hornets officials on Wednesday that his client will not sign a contract extension and wants to be traded to the New York Knicks, league sources told Yahoo! Sports.

Nevertheless, the prospects of the Hornets executing a trade with the Knicks appear to be dim, if not impossible. The Knicks simply don’t have the trade assets that come close to meeting New Orleans’ criteria for a deal. Demps has been listening to overtures from teams around the league, and has been actively working under the assumption that Paul would reject a contract extension.

via Adrian Wojnarowski of Yahoo! Sports