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Lakers trade Derek Fisher to Rockets

The Los Angeles Lakers have traded veteran guard Derek Fisher to the Houston Rockets in exchange for forward Jordan Hill, league sources told Yahoo! Sports.

The Rockets also will receive the 2012 first-round pick the Lakers acquired from the Dallas Mavericks in the Lamar Odom trade.

Fisher, 37, won five championships with the Lakers. He was expendable after the Lakers acquired Cleveland Cavaliers guard Ramon Sessions for Jason Kapono and L.A.'s 2012 first-round pick. While Fisher had remained the Lakers' starting point guard this season, many of the fourth-quarter minutes were going to Steve Blake.

The Rockets will explore buying out the remainder of Fisher's contract – he has a $3.4 million player option for next season – Houston also could use someone to backup Kyle Lowry.

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