Sam Amick of the Sacramento Bee reports that the Kings are considering a trade involving Hornets big man Emeka Okafor.

A source with knowledge of the situation says the Kings are discussing a trade with New Orleans that would send Kenny Thomas to the Hornets and bring center Emeka Okafor to Sacramento.

The deal would be ideal for the Hornets, as Thomas’ expiring contract worth $8.7 million is just the kind of contract that would trim their enormous payroll. The question, of course, is whether the Kings see Okafor as a big man solution worth the five years and approximately $64 million left on his deal.

I don’t get the Hornets plan of attack for the last year or so. They have the best point guard in the NBA, yet instead of making a clear commitment to spend to build around him, they’re slashing salary again. The confusing thing is that they tried to slash salary last year when they negotiated a trade that sent Tyson Chandler to Oklahoma City, only the Thunder sent Chandler back after their doctors had a chance to look him over. Then they turned around this offseason and traded Chandler (who has a short, expensive contract) for Okafor (who has a long, expensive contract). So it looked like the Hornets were willing to make a long-term commitment to build a winner.

Now, after a 3-7 start that has Chris Paul sidelined for a few weeks with a sprained ankle, they’re ready to give Okafor away. What kind of signal does this send to Paul? He’s signed through 2011-12, but at what point does he become disgruntled? They’ve already traded away Chandler and fired Byron Scott, and now they’re looking to move a sure double-double guy in Okafor. He’s not worth his contract, but he’s still valuable, and if the Hornets want to get back to competitive, they could really use him manning the middle.

It’s not like jettisoning Okafor’s salary is going to give the Hornets any immediate salary cap space. They’re sitting at almost $72 M for next season and won’t have any flexibility until the summer of 2011. Paul is 24, so he has plenty of basketball left to play, but David West is 29, and by the time the Hornets have a chance to be competitive again, he might be 31 or 32 and on the decline.

This is a sad situation. The Hornets looked to be on the cusp of competing for a title a couple of seasons ago and now they’re starting a rebuilding process that looks like it’s going to take a while.

It was a disappointing season for Chris Paul and Co. as they were unceremoniously eliminated from the playoffs last night in Denver. After last season’s near-miss against the Spurs in the Western Conference semis, along with the addition of do-it-all forward James Posey, many pundits (including myself) thought that they might be the team best positioned to threaten the Lakers’ chances of a return trip to the Finals. But it was not to be.

According to John Hollinger’s PER, Chris Paul had an even better statistical season than last year, when he was in serious contention to become the league’s MVP. David West played his usual 21/9 ball as well.

So what happened?

1. Tyson Chandler wasn’t himself. He battled injuries all year and was even traded to Oklahoma City (and subsequently untraded due to the Thunder’s concerns about his foot). Here are his stats for the last three seasons:

‘06-’07: 9.5 ppg, 12.4 rpg, 1.8 bpg, 62% FG%
‘07-’08: 11.8 ppg, 11.8 rpg, 1.1 bpg, 62% FG%
‘08-’09: 8.8 ppg, 8.7 rpg, 1.2 bpg, 57% FG%

That may not seem like much of a fall off, but three points, three rebounds and a 5% decrease in field goal shooting certainly has an effect. It’s not Chandler’s fault that he had some nagging injuries, but that was part of the reason for the Hornets’ decline.

2. Peja Stojakovic went from average to bad. I’ve been railing on Peja’s game for the last few seasons, insisting that the trade that brought him over from Indiana was a bust and that his contract would ultimately put the franchise in a tough financial spot. Fast forward a couple of years and his PER dropped from a just-above-average 15.74 last season to a poor 12.54 this season. And it’s not like this guy is a lockdown defender whose value can’t be measured in statistics. He’s pretty bad defensively. He’s supposed to be a shooter that can space the court for Chris Paul’s drives, only he shot sub-40% from the field and sub-38% from long range.

Moreover, his salary runs another two seasons at the tune of $29.5 million, so he’s like an anchor hanging on the neck of the Hornets’ balance sheet. So much so that the Hornets were forced to (try to) trade one of the best defensive centers in the league in a straight up salary dump. What’s amazing is that Stojakovic played the third-most minutes (34.2) on the team, while promising second-year man, Julian Wright, is left to languish on the bench. Throw in Rasual Butler’s less-than-stellar PER (11.82), and you have a pair of very unproductive wings. (But least Butler can defend.) At some point, Byron Scott should have seen the writing on the wall and give Wright some of Peja’s minutes. Start Stojakovic and if he gets off to a hot start, great, if not, give Wright 20-25 minutes and see what he can do.

Unfortunately for the Hornets, Peja’s contract is unmovable at this point, so they’re just going to have to ride it out. Since they almost traded away Chandler, they don’t seem to be in a position to add any talent via the mid-level exception, so they are pretty much stuck with the roster they have. They have to hope that Chandler can get healthy (possible) and that Peja can rediscover his game (doubtful). Their best bet is to give Wright more minutes and hope that he can develop into a solid starter. That seems to be the only way that New Orleans can once again become a serious contender in the short term.

The Nuggets matched a playoff record for win margin, beating the Hornets, 121-63, in New Orleans.

I’ll let that sink in for a moment.

The box score is amazing. The Nuggets had seven players in double-digits; the Hornets had three. The Nuggets shot 57% from the field and 50% from long range; the Hornets shot 32% and 13%, respectively. Denver outrebounded New Orleans, 41-32. The Nuggets turned the ball over 11 times; the Hornets turned it over 26 times.

In short, Denver dominated virtually every aspect of this game.

How does this happen to a team that has two All-Stars (Chris Paul and David West) and a pretty decent supporting cast? At home?

The Hornets added James Posey this offseason because they were supposed to make a run to the Finals. But things just haven’t clicked this year. One night they’ll look great and beat a contender, the next night they’ll lose at home to a bottom feeder. The Tyson Chandler on-again, off-again trade might have sent this franchise into a bit of a tailspin, and it’s not clear how long it’s going to take to straighten things out.

…and here they are…

East: Devin Harris, Danny Granger, Jameer Nelson, Chris Bosh, Joe Johnson, Rashard Lewis and Paul Pierce

West: Shaquille O’Neal, Chauncey Billups, Pau Gasol, Dirk Nowitzki, Tony Parker, Brandon Roy and David West

When comparing the final rosters to my picks, there were three changes. I didn’t have Allen Iverson on my roster, much less a starter, but he was voted in by the fans. Rashard Lewis replaced Vince Carter, which goes to show that the coaches value team wins more than individual (albeit gaudy) stats. David West replaced Carmelo Anthony, and I think it’s a good call, especially with ‘Melo’s injury. The longer he was out, the better the chances that the coaches would leave him at home. It didn’t help his All-Star stock that Denver has played very well without him.

The only thing that’s really wrong with these rosters is the inclusion of Allen Iverson. There were a host of players in the East — Carter, Tayshaun Prince, Ray Allen, Mo Williams, Rajon Rondo, Caron Butler and Josh Smith — that were more deserving, but there’s no doubt that AI is a very popular player. Unsurprisingly, we can’t really argue with the coaches’ picks. They know what they’re doing.

It’s especially good to see Devin Harris, Danny Granger, Jameer Nelson and Tony Parker get recognized for their fine play this season.

The NBA All-Star Game is part meritocracy and part popularity contest. First, the fans vote, and the top five vote getters – two guards, two forwards and a center – from each conference are the starters. Then the coaches vote on the remaining seven reserves for each team.

The current vote count can be seen here, but I thought I’d put together my own list – five starters and seven reserves – for each team. To me, when it comes to naming All-Stars a winning record is just as important as great stats, so given two players with similar numbers, I’m probably going to give the nod to the guy on the better team. I’ll list the player’s Player Efficiency Rating, which gives a nice overview of the guy’s per-minute statistical production this season.

And off we go…

EASTERN CONFERENCE STARTERS

Dwyane Wade, Heat
PER: 29.14
D-Wade is back with a vengeance. He’s averaging 29.0 points, 7.1 assists and 5.1 rebounds, and is (almost) single-handedly keeping the Heat in the playoff hunt. With 24% accuracy, I don’t know why he’s shooting so many threes (3.0 per game), but that’s just nitpicking. He’s third in the league in steals (2.25).

Joe Johnson, Hawks
PER: 19.84
JJ is averaging 22.3 points, 6.1 assists and 4.6 rebounds, and has the Hawks in a battle for the #4 spot in the East. His three-point shooting is down two points, but his overall FG% is up a point. Remember when everyone laughed at the Hawks for giving up future MIP Boris Diaw and two first round picks for him?

LeBron James, Cavs
PER: 32.04
LeBron is the front-runner for the MVP thus far. He’s posting 27.7 points, 6.6 assists and 6.6 rebounds a game. His numbers are down, but that’s because the Cavs can afford to rest him an additional four minutes per game. It’s great to see his FG% over 50% (50.8%) and FT% approaching 80% (78.8%). LeBron has always been a statistical stud, but it’s the Cavs’ stellar record that has him leading the MVP race.

Kevin Garnett, Celtics
PER: 20.87
KG’s scoring is down, but given the Raptors’ struggles, he’s still the most deserving PF (over Chris Bosh) in the East. His numbers are virtually identical to last season other than a mysterious drop in free throw attempts per game (-2.1). Is KG still taking the ball to the hole?

Dwight Howard, Magic
PER: 25.71
I’d like to see Howard’s free throw accuracy (57.3%) improve, but it’s hard to argue with Orlando’s success this season. Howard is averaging 20.1 points and leads the league in rebounding with 13.8 per game. He also leads the league in blocks (3.28).

EASTERN CONFERENCE RESERVES

Devin Harris, Nets
PER: 24.88
From a statistical standpoint, Harris is outplaying all other Eastern Conference guards save for Dwyane Wade, so he is deserving of a spot in the starting lineup. However, Joe Johnson’s Hawks are playing quite a bit better, so Harris will have to settle for a spot on the bench.

Chris Bosh, Raptors
PER: 23.37
The Raptors are struggling this season but it’s not the fault of Bosh, whose numbers are virtually identical to last season. He has averaged at least 22.3 points and 8.7 rebounds in each of the last four years.

Paul Pierce, Celtics
PER: 18.32
Despite the Celtics recent struggles, The Truth is still a no-brainer All-Star pick. He’s averaging 19.0 points, 5.6 rebounds and 3.7 assists and while his FG% is down a smidgen, he’s over 40% from long range for the first time since the 2001-02 season.

Danny Granger, Pacers
PER: 21.93
Granger is clearly one of the league’s best young small forwards. He’s averaging 26.4 points, 5.2 rebounds and 3.4 assists, while shooting a solid 46% from the field. The Pacers aren’t great, but they’re competitive, and Granger is the main reason why. Moreover, he’s averaging an eye-popping 33.3 points per game in January.

Tayshaun Prince, Pistons
PER: 16.37
The Pistons have the fifth-best record in the East right now and deserve to have a player on the All-Star team. Prince’s numbers aren’t eye-popping, but he averages 7.3 points per game and contributes in all areas despite having to cover the opponent’s best perimeter player every night.

Jameer Nelson, Magic
PER: 19.91
Given that Orlando has virtually the same personnel as last season, it’s a bit of a surprise at how much better Nelson is playing. His ppg jumped from 10.9 to 16.4 and his FG% jumped from 46.9% to 50.4%, which is tremendous for a guard. His three-point shooting (43.8%) is outstanding. Rashard Lewis (PER: 18.05) may get the nod, but I think Nelson is more deserving.

Vince Carter, Nets
PER: 21.89
I’m not a huge fan of Vinsanity, but he’s averaging 22.7 points, 5.1 rebounds and 4.9 assists while shooting better than 40% from long range. Truthfully, this spot could go to a number of guys from better teams – Rajon Rondo, Mo Williams, Allen Iverson, Mike Bibby, Zydrunas Ilgauskas, Rashard Lewis – but Carter smokes them all numbers-wise.

Bubbling under: Rajon Rondo, Mo Williams, Allen Iverson, Caron Butler, Zydrunas Ilgauskas, Mike Bibby, Jose Calderon, Rashard Lewis

WESTERN CONFERENCE STARTERS

Chris Paul, Hornets
PER: 30.53
After a rough 5-5 start, Paul has the Hornets back in the thick of the hunt for the #2 playoff spot in the West. He has the second-highest PER in the league and is averaging 20.4 points and 11.3 assists per game. He also leads the league in steals (2.82) and is on the short list of serious MVP candidates.

Kobe Bryant, Lakers
PER: 25.48
Kobe’s minutes are down 3.0 per game, which explains why his numbers have taken a bit of a dip. Still, he’s averaging 27.0 points, 5.2 rebounds and 4.6 assists, and his FG% is up over 48% for the first time in his career. The Lakers have the best record in the West and Kobe would be favored to win his second consecutive MVP if not for the Cavs’ winning ways.

Dirk Nowitzki, Mavericks
PER: 23.78
If Carmelo Anthony hadn’t gotten injured, he might have earned this spot, but Dirk’s Mavs are just three games back of the Nuggets in the standings and he’s having another great season. He is averaging 25.3 points and 8.4 rebounds, and is shooting better than 40% from the field.

Tim Duncan, Spurs
PER: 24.33
Two words: sustained excellence. TD is averaging 20.4 points and 10.1 rebounds while shooting almost 52% from the field. Plus, he’s one of the best (if not the best) defensive big men in the game.

Yao Ming, Rockets
PER: 22.67
Yao has had to play without Tracy McGrady for a good portion of the season, but the Rockets are right in the thick of the playoff hunt in the West. He leads the Rockets in scoring, rebounding, blocks and is shooting almost 87% from the free throw line.

WESTERN CONFERENCE RESERVES

Brandon Roy, Blazers
PER: 25.06
Roy’s scoring is up to 22.8 points per game this season (from 19.1 ppg last season) in no small part due to his increased accuracy (+2.1%) from the field. The Blazers look like a playoff team and Roy is a big reason why.

Carmelo Anthony, Nuggets
PER: 18.18
‘Melo’s Nuggets are playing well even though his FG% has taken a dive to 43.7% this season. His scoring is down, but he’s rebounding well (7.3) and his three-point accuracy is up to 42%, which is a huge improvement.

Tony Parker, Spurs
PER: 23.23
Parker is setting career highs in points (21.3) and assists (6.7), he’s never been more accurate from long range (40.0%) or from the charity stripe (81.5%). Manu Ginobili has been solid, but Parker is the second-most deserving Spur this season.

Pau Gasol, Lakers
PER: 22.49
Despite the return of Andrew Bynum, Gasol’s rebounding (9.4) as well as he ever has, and he’s continuing to thrive in his role as Kobe’s sidekick. He’s averaging 17.8 points and is shooting over 55% from the field.

Amare Stoudemire, Suns
PER: 22.44
Stoudemire is averaging 21.8 points and 8.5 rebounds, and is shooting almost 55% from the field. Even though the Suns have slowed the pace down, Stoudemire’s numbers are still stellar.

Chauncey Billups, Nuggets
PER: 20.98
Billups is averaging 18.7 points and 6.8 assists for the Nuggets, but more importantly he has brought a defensive culture to Denver (and that’s not easy to do).

Shaquille O’Neal, Suns
PER: 23.75
A revitalized Shaq is producing 17.4 points and 9.0 rebounds in just 30.1 minutes. There are a number of players that could replace him on the All-Star team, but I think everyone around the league recognizes just how good Shaq is when he’s motivated.

Bubbling under: Manu Ginobili, Al Jefferson, David West, Paul Millsap, LaMarcus Aldridge, Deron Williams, Andrei Kirilenko, Mehmet Okur

Voting continues at NBA.com through January 19th.

1/22/09 Update: The starters have been announced.

For his part, Kobe Bryant kept the Lakers in it through much of the third quarter, scoring 20 of his 39 points in the period. But he only managed two points in the fourth quarter on 1 of 6 shooting from the field. Meanwhile, the Lamar Odom Watch continues. LO only got 12 minutes, but managed 12 points, three assists and a rebound in that limited run.

The Hornets have won 16 of their last 21 games. After kind of a shaky start, it’s good to see one of the premier teams in the West actually playing like title contenders. However, I just don’t know how far that Paul and West can take them. Peja Stojakovic (12.9 ppg, 40% FG%) and Morris Peterson (6.3 ppg) are shells of their former selves , and other than James Posey (10.0 ppg, 4.9 rpg), the Hornets don’t have many other scoring options. I really thought after his fine play last season that Julian Wright would make a big jump this year, but he’s been struggling with a sore ankle and has only appeared in limited minutes in 16 games thus far.

Fast forward a few months, and after adding NBA Finals hero James Posey, the Hornets have lost five of their last seven games and are sitting at 5-5. It gets worse: they lost to Charlotte two weeks ago and lost last night, at home, to a Sacramento Kings team that was without Kevin Martin.

But Posey certainly is not the one to blame. His PER of 14.18 is actually the second-highest of his career. The only disadvantage I can see to the Posey signing is that it has taken valuable minutes away from Julian Wright.

No, the problem in New Orleans is not Posey, Paul, West or Chandler. They’re all posting the same numbers as last season. The problem is Peja Stojakovic. The team is paying him $13 million this season (and owe him another $29.5 million over the next two seasons) for the privilege of having him shoot 37% from the field and 38% from long range. Stojakovic is a poor defender, so if he’s not knocking down shots, he’s hurting the Hornets on both ends of the court. And right now he’s not knocking down shots.

I didn’t like the Stojakovic trade when it happened, and I really don’t like it now. I’d like to see the Hornets move him and give more minutes to Posey and Wright. But it’s going to be tough to find a team that wants to trade for a 31 year-old shooter who has two years left on a bloated contract and hasn’t shot better than 44% since the 2004-05 season. Stojakovic helped the team last year because he shot 44% from long range. Unfortunately, that was a career-high, and he’s not likely to match it this season.