Update: Sam Amick and Marc Stein are reporting that Dwight Howard will not waive his Early Termination Option (ETO) and will not commit to the Orlando Magic beyond this season. Howard has told teammates he wants to stay in Orlando this season, but that the team will have to gamble on him on whether he'll leave after the season or not.

This coming just hours after Howard stunned everyone saying he would exercise his final year option with the Orlando Magic. The speculation and trade rumors rage on!

Stay tuned folks. This will be either a boring trade deadline … or a very surprising one.