Nets still have hope in Howard bid

Hope remains for the Brooklyn Nets in their pursuit of Orlando Magic center Dwight Howard.

A source with knowledge of the trade talks with the Magic said Thursday that they continued without any major progress or regress, which was more than had been expected after the Nets' flurry of moves in recent days had appeared to take them out of the running for the three-time Defensive Player of the Year. But by persuading Bosnian forward Mirza Teletovic to sign for the taxpayer mid-level exception (three years, up to about $9 million) instead of the nontaxpayer mid-level (four years, about $20 million), as was originally reported this week, Brooklyn avoided the no-exceptions hard cap of $74.3 million and thus remained in the Howard race.

Read more: http://sportsillustrated.cnn.com/2012/writers/sam_amick/07/06/dwight-howard-brooklyn-nets-orlando-magic/index.html#ixzz1ztvoABqf