(Harry How / Getty Images)

The NBA-owned New Orleans Hornets and Los Angeles Clippers have submitted to the league a blockbuster deal that would send Paul to the Clippers, according to ESPN.

Naturally, though, there’s a hitch involving those owners of the Hornets. The NBA wanted Eric Bledsoe in return for Paul; the Clippers want to keep their point guard.

The trade, according to the Los Angeles Times, would send guard Eric Gordon, center Chris Kaman and forward Al-Farouq Aminu to the Hornets, along with a first-round draft pick in 2012 via Minnesota.

The parties are in the final stages of negotiation and Paul reportedly would either agree to a contract extension or pick up the option on his contract rather than becoming a free agent after the season. That decision is what led the Clippers to include the Minnesota pick in the deal.

Last week, Commissioner David Stern put the kibosh on a deal that would have sent Paul to the Los Angeles Lakers.