Rockets Acquire Derek Fisher

March 15 2012 at 2:04pm CDT By Luke Adams

The Rockets have acquired Derek Fisher from the Lakers in exchange for Jordan Hill, according to Jonathan Feigen of the Houston Chronicle (on Twitter). Houston also receives the first-round pick in the Lakers acquired from Dallas in December's Lamar Odom trade, tweets Adrian Wojnarowski of Yahoo! Sports.

While the Lakers ended up moving both of their 2012 first-rounders in this trade and today's Ramon Sessions deal, they were able to upgrade their roster and improve their future cap situation. Fisher and Luke Walton were both under contract for multiple years, while Hill and Sessions could both come off the books at season's end.

The Rockets will explore a buyout, but could use the point guard depth for the time being with Kyle Lowry out, tweets Wojnarowski.

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