Trevor Ariza tried to play hardball…and lost. Lamar Odom tried to play hardball…and the Lakers aren’t budging. If anything, they’re less interested in bringing Odom back.

Odom’s choices, as of lunchtime Thursday, were the same choices he’s been mulling all week. Informed sources say the Lakers’ latest offer is in the area of $25 million over three years, down from the $27 million over three years that was taken off the table earlier this month by Lakers owner Jerry Buss.

As ESPN.com reported Monday, should the 29-year-old decide to reunite with Dwyane Wade and Pat Riley after haggling with the Lakers for so long, Odom likely will be deciding between a five-year, $34 million deal that includes a provision to return to free agency after the fourth season or a four-year deal with an opt-out clause after three years.

Keep in mind that with California’s state income tax (10% for $1 million-plus), the Lakers’ offer is essentially three years for $22.5 million, or $7.5 million per season. Florida has no state income tax, so Miami’s offer (~$6.8 million per season) looks to be the better offer since it has about $12 million more in guaranteed money. If these numbers are accurate, it makes sense why Odom is dragging this out. It seems like he wants to stay in L.A., but he doesn’t really want to take a reduced offer.

Jim Hill reported yesterday that Odom was scheduled to meet with Pat Riley and Dwyane Wade about joining the Heat.

Talks have resumed with Odom and the Lakers, but they remain pessimistic that Odom will return.

Hmm. This is the first I’ve heard about the Lakers being “pessimistic.” All of the national coverage of this story has suggested that it’s pretty much an inevitability that Odom will return to the Lakers.

The LA Times Laker Blog has this to say…

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Yes, at least according to a Yahoo! Sports source.

Odom has not reached a final decision, the sources said, but there is growing belief he will ultimately return to the Heat unless the Lakers improve their current offer.

“It’s close, but it’s not done,” said one source.

Lakers officials and Odom’s representatives resumed talking after a weeklong standoff that began when Jerry Buss, the team’s owner, withdrew a four-year, $36 million offer that guaranteed $30 million. Sources close to Odom said that while the two sides have since talked, Buss is now offering less than the Lakers’ previous proposal.

I still don’t know how the Heat’s offer of five years and $34 million is better than the Lakers’ offer of four years and $36 million (which works out to around $32 million after state taxes). Surely, Odom would be able to make more than $2 million in the year after the Laker deal expired. But hey, I’m not an accountant.

Or maybe he’s ticked off that Buss is offering less and wants to go to an organization that has demonstrated that it really wants him. If Miami can get Odom at the mid-level, it will be a coup, though it will create something of a logjam at power forward since that’s the position the Heat want Michael Beasley to play.

If the Lakers let Odom slip away, they will be going backwards this summer. The Ron Artest signing is nice, but Artest does not offset the loss of Odom and Trevor Ariza. With the Spurs, Blazers and Mavericks nipping at their heels, things could get very interesting in the West.

Note: John Ireland of 710 Los Angeles has reported that the fourth year of the Laker deal is only partially guaranteed (for $3 million), so the best deal that the Lakers offered was for $27 million over three years plus a guaranteed $3 million in the fourth year. So, after state taxes, that’s worth about $27 million over three years. It now makes sense that Odom would consider taking the five-year deal from the Heat since that deal offers as much as $7 million more in guaranteed money, maybe more if the Lakers’ latest offer has been reduced.

While some are reporting that Lamar Odom has already come to terms with the Lakers, the Los Angeles Times are simply reporting that he and the Lakers are talking again.

The discussions were labeled productive, but there was nothing to report “at the moment,” according to a source familiar with negotiations who was not authorized to comment publicly.

It didn’t look great last week for Odom’s return to the Lakers after the franchise yanked its offers of three years and $30 million or four years and $36 million, with the fourth year only partially guaranteed.

But the sides began communicating in a more positive light Wednesday. Financial details were not immediately available, though the Lakers were not expected to have improved their initial offers. If anything, the offers might have dropped slightly.

Odom doesn’t have a lot of leverage. The Lakers are offering him the best deal he can get, and the other teams with cap space don’t seem too interested in his services. He’d be willing to play for Miami, but the best that they can offer is the mid-level exception, and it simply doesn’t compare to what the Lakers are wiling to give him (even after state taxes are taken into account).

With the Lakers back at the bargaining table, all signs point to Odom’s eventual return.

I don’t know how dependable this is, but Black Sports Online apparently has sources “close to Lamar Odom” that say he’s going to re-sign.

Sources close to Lamar Odom have told BSO that Odom will resign with the Lakers.

Odom will sign a 4 year 40 million dollar contract to stay with the champs.

The change of heart came after Lamar reached out to Dr. Jerry Buss. The two of them spoke yesterday where they were able to reach an agreement.

*UPDATE*

Once again sources close to Lamar Odom are insisting a deal is done and is just waiting for Dr. Buss to sign off on it.

The big question is…is WhiteSportsOnline.com taken?

I’m here all week. Try the veal.

The Lakers need to re-sign Odom in order to avoid taking a step back this summer. The Ron Artest acquisition should be great, but adding Artest would not offset losing both Trevor Ariza and Lamar Odom. With the Odom signing, the Lakers would be the clear favorite to repeat next season. Without him, I’m not so sure…

Yesterday, when we learned that Lamar Odom called Lakers owner Jerry Buss to try to smooth things over, it seemed (fairly) inevitable that the two sides would come to some sort of understanding and Odom would return to the Lakers. But a day later, it looks like there is a real chance that he may end up signing with the Miami Heat.

Amid a growing sense around the league that the Miami Heat have a real shot at stealing Lamar Odom away from the Los Angeles Lakers, Odom is expected to take the weekend to ponder his next move.

Sources with knowledge of Odom’s thinking told ESPN.com that he has not abandoned hope of resuscitating serious negotiations with L.A. after Lakers owner Jerry Buss angrily pulled a three-year, $27 million offer off the table earlier this week.

According to a broadcast report Friday night from longtime L.A. television anchor Jim Hill, Odom called Buss directly on Thursday in an attempt to reignite talks.

The Heat, meanwhile, have made it clear that they are prepared to offer the richest contract they can in an attempt to convince Odom to stop haggling with the Lakers, with the Dallas Mavericks also eager to offer the same fallback option.

Heat star Dwyane Wade made a public plea Friday for Odom to return to the franchise that sent him to the Lakers in the Shaquille O’Neal deal in the summer of 2004, announcing that “we want him back home.”

According to sources close to the process, Odom has been apprised that he can sign a five-year Heat deal consuming all of the team’s mid-level exception, which would be worth $34 million and include the option to return to free agency after three years and negotiate a larger contract with Miami.

Read the rest of Marc Stein’s column (which he’s been updating throughout this process) here.

I think this all comes down to Jerry Buss’s mood. Odom wouldn’t have called him if he didn’t want to take the Lakers’ offer. But Buss pulled the offer after negotiations fell apart, and it’s not clear how willing he is to open talks again.

Ultimately, cooler heads are likely to prevail. With Richard Jefferson landing in San Antonio, Shawn Marion headed to Dallas, and Portland sitting on a load of cap space, the Lakers’ Western Conference foes are getting better, and even though they signed Ron Artest, they know they can’t afford to lose both Trevor Ariza and Lamar Odom this summer.

Or maybe they can. Like I said, this all depends on Jerry Buss. He made Odom an offer that was well above his market value and Odom’s camp tried to put the squeeze on him.

Hell hath no fury like an owner scorned.

With the Finals behind us and the draft and free agency looming, the rumors are flying fast and furious. Here’s a rundown of the latest scuttlebutt…

Things are rumored to be getting worse in Golden State.

The talk is that Monta Ellis is unhappy with the direction the organization is heading in, and still holds a bit of grief over the way they held his contract status in limbo for months following his moped injury. For weeks we’ve heard that Ellis is no longer interested in playing for Golden State, and apparently it had reached a point where it was “close to popping off” in the words of one NBA executive—meaning going to the media and publicly demanding a trade.

Let me get this straight — the franchise gives Ellis $66 million over six years and he rewards them by tearing up his ankle in a moped accident, missing 57 games this season. I’m sure he wasn’t happy about the 30-game suspension he served with no pay, but he wasn’t going to play in those games anyway. Shouldn’t he be punished for being boneheaded enough to tool around on a moped?

It sounds like the team has promised Ellis that he’ll be running the point next season and may have promised that they wouldn’t take a point guard at #7, prompting several prospects — Stephen Curry, Jrue Holiday, Tyreke Evans and Ricky Rubio — to refuse to work out for Golden State. Suddenly, Jordan Hill looks like a stronger possibility if he’s still on the board when the Warriors pick.

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