Derek Fisher Reaches Buyout Agreement With Houston Rockets

A few days after the Lakers traded him and a Draft pick to Houston in exchange for Jordan Hill, Derek Fisher has reached a buyout agreement with the Rockets that’ll allow him to sign with a new team—anyone except the Lakers, per League rules—once he clears waivers. Yahoo! has the report: “Derek Fisher has reached a buyout agreement with the Houston Rockets and is expected to become a free agent once he clears waivers, league sources told Yahoo! Sports. Fisher, 37, was traded to the Rockets on Thursday with a 2012 first-round draft pick for forward Jordan Hill. Fisher became expendable after the Los Angeles Lakers acquired point guard Ramon Sessions from the Cleveland Cavaliers. Fisher will likely have a deal with a contender soon. A new rule in the collective bargaining agreement doesn’t allow him to get bought out after a trade and re-sign with the Lakers this season.”