UPDATE (07/08/12, 8:48pm PST): Andrew Bynum has been unwilling to sign a contract extension and has made it known that he is willing to test the free agency market after the 2012-2013 season. This has pretty much killed the deal between Orlando and Los Angeles.
UPDATE (07/06/12, 10:05 am PST): Apparently the Lakers are NOT demanding Dwight Howard sign an extension. They believe they can convince him to stay if they can compete for a championship. Oh, boy.
Rumors of an impending trade between the Orlando Magic and Los Angeles Lakers are burning up the internet this morning.
The prize for the Lakers is, of course, Dwight Howard.
Supposedly, the framework for the blockbuster trade is in place. The Lakers will send Andrew Bynum to Orlando and get Howard in return.
The deal is contingent, however, on Bynum signing an extension with Orlando. No word on weather the Lakers are demanding the same from Howard.
The addition of Howard, along with recently acquired Steve Nash, would make the Lakers favorites to win a championship next season.
Reports are that Howard has already spoken to Kobe Bryant and Nash. The trade is supposed to be finalized over the weekend.
(Will be updating this story throughout the day. Stay tuned)