Do the Kings want Yao Ming and his expiring contract?
No, they don't.
As reported by the Houston Chronicle, the Houston Rockets are looking for a team willing to take on Yao, who is out for the season with a stress fracture, and expiring contract in exchange for young talent and draft picks. The Rockets have an insurance policy to cover most of Yao's salary ($17.7 million) and a trade exception worth $6.33 million to entice teams.
The Kings, however, won't be the Rockets trade partner in this case. The Rockets would like DeMarcus Cousins but the Kings have no intention of dealing the rookie. Another part of a deal would have included Samuel Dalembert in exchange for Yao.
Cousins, for all his issues with "professionalism" is still a big part of the Kings future. Dalembert's $12.2 million salary comes off the book next season so the Kings aren't exactly in dire need of another expiring contract.
The Kings would be interested in a deal that would land them a star player, just not one that can't play for them.