1:36pm: Bill Ingram of HoopsWorld reports a slightly different story on how the Beasley talks broke down, saying the Lakers were trying to send Luke Walton and other "salary dump type pieces" to Minnesota. Ingram suggests the reports on Fisher's inclusion causing Minnesota to back out are Lakers' spin.
10:42am: We heard yesterday that the Timberwolves had backed out of a potential three-team trade that would've sent Michael Beasley to the Lakers, Derek Fisher and Jamal Crawford to Minnesota, and a first-round pick to the Trail Blazers. The Lakers ultimately moved Fisher and that first-rounder to Houston for Jordan Hill, but a few details have surfaced on that failed deal have surfaced today.
According to Dave McMenamin of ESPNLosAngeles.com, Anthony Tolliver would have also been involved in the deal, heading from Minnesota to Portland. McMenamin says the T-Wolves pulled out of the deal with just seven minutes left before the trade deadline, leaving Lakers officials "puzzled and disappointed."
Mike Breshanan of the Los Angeles Times hears from a source that the trade was "whisker-close" to being completed, but that Timberwolves owner Glen Taylor blocked the deal. Presumably, if ownership vetoed the deal, it was for financial reasons rather than basketball reasons, though that's just my speculation.