Should the NBA be rejecting trades?

At first hearing of the NBA rejection of the three way deal that would have sent Chris Paul to the Los Angeles Lakers,my first thought was -good for them!
Finally,someone has stood up against this madness of wanting only a handful of teams to have all of the best stars.
Wasn't there a reason that the league staged the lockout?
The league does own the New Orleans Hornets for the time being and they should have some say in things,but upon reflection,maybe it was not such a great idea.
The Hornets would have added 4 nice players and would have rebuilt their starting lineup instantly and the Rockets would have added Pau Gasol,leaving the Lakers with only the oft-injured Andrew Bynum as a front court piece of any substance.
So,I changed my mind-I wish the league would not have done so and needs to let the guys running the Hornets do the best with what they have.

Chris Paul today is close to being traded to the Clippers and the league is holding that up over Eric Bledsoe not being included in a deal that looks to be even better for New Orleans.
The deal is reported to add Eric Gordon,who the Clippers didn't want to add and the Timberwolves unprotected likely lottery pick for 2012.
Initially,the Clippers did not want to deal Gordon OR the pick and now they are willing to deal BOTH and the league wants to hold this up over a guy that averaged six points a game last year???
Los Angeles will also send 2010 first rounder Al-Farouq Aminu and veteran center Chris Kaman,who is injury prone,a solid center when healthy and has an expiring contract at the end of the season to add cap space to the Hornets next season.
What else can they do?
This trade is an even better one for New Orleans,if the league rejects this one they have no excuses whatsoever.

As far as Chris Paul goes,I have always liked him from his Wake Forest days and he has always been fun to watch,but another superstar making demands on where he has to play and with whom,makes me sigh in disgust again.
This type of stuff is why the once flying-high NBA is losing ground to the sports fan.
Free agency has its pros and cons,but sometimes I wonder if things were not better without it.

Still,all things considered,I think my initial judgement was incorrect,the league should not be stopping fairly reasonable deals like either of these proposed swaps.
Lets leave that to Fantasy League commissioners and not David Stern....