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Howard had requested a trade to Brooklyn in a meeting with Magic general manager Rob Hennigan the day after the NBA Draft. The Magic have looked at trade offers from around the league--not just from the Nets--but didn't find any that were worth the three-time Defensive Player of the Year.
Reports earlier in the week indicated Brooklyn was willing to take back Orlando's unwanted contracts in addition to Howard, while offering multiple draft choices and 24-year-old center Brook Lopez in return. Lopez was considering signing a maximum offer sheet with either the Portland Trail Blazers or Charlotte Bobcats on Wednesday. If Brooklyn had matched, it would have been unable to trade Lopez without his consent for one calendar year, and the earliest it could trade him is January 15th, as he's classified as an Early Bird free agent.