Houston's final offer was $12 million in immediate cap space instead of Arron Afflalo and Al Harrington, several of their recent first round selections, along with future lottery and unprotected draft picks.
The Rockets were unwilling to take back any bad contracts in return while dealing for Howard.
The final offer Brooklyn put on the table for Orlando would have been Lopez, Kris Humphries at one-year, $9.6 million, MarShon Brooks and four unprotected first round picks for Howard, Jason Richardson, Chris Duhon and Earl Clark.