Originally written on Rumors and Rants  |  Last updated 11/18/14
Staples_center_10th_48de

In a move widely expected ever since they acquired Derek Fisher last week, the Houston Rockets have agreed to a buyout with the 37-year-old guard.

The Los Angeles Lakers shipped Fisher to Houston just before the NBA’s trade deadline last week along with a first-round pick in the 2012 NBA Draft, in exchange for forward Jordan Hill. While the Rockets are thin at point guard with starter Kyle Lowry recovering from a bacterial infection, the two parties had no intention of establishing a relationship.

Houston traded Jonny Flynn to the Portland Trail Blazers in a separate deal last week, which leaves them with only Goran Dragic on the roster to run the point. Still, Fisher’s contract contained a $3.4 million player option for next season that the Rockets wanted to get off their books.

Now that the buyout has been agreed to, the Rockets are set to officially waive Fisher. If no one claims him by Wednesday he would become an unrestricted free agent and could sign with any team except the Lakers. The Chicago Bulls, Oklahoma City Thunder, Miami Heat and San Antonio Spurs are all rumored to have interest in Fisher as a veteran presence who happens to have five championship rings and a knack for nailing big shots.

We think Fisher will sign with a contender. While he’s not what he used to be and is too slow to be an effective defender, his presence will elevate any locker room he walks into and he has always been able to hit big shots. I guarantee the Lakers would re-sign him for the remainder of the season if they were allowed to. He might never play, but his personality would be welcome in the team’s locker room.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Kentucky seeks one kind of history, Coach K makes another

Matt Stafford's fiancee rips newspaper over article

Craig Sager's leukemia has returned

Frozen Four: Providence earns first bid since 1985

Report: Discussions to bring NFL team to L.A. are progressing

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Chris Mullin expected to take St. John's job

Michigan State beats Louisville, punches Final Four ticket

Ex-NHL player viciously attacks opponent before game

Rick Barnes a possibility for Tennessee coaching job?

Report: NFL looking into Bill Belichick's camera ideas

Saints CB Brian Dixon arrested in Miami

Five soon-to-be NBA free agents with a lot on the line

WrestleMania 31 results: Rollins cashes in, Rousey appears

WATCH: Russell Wilson hits home run during Rangers BP

Hooked 'em: Why Texas had to fire Rick Barnes

Adam Morrison trolled fan who made JJ Redick comment

Jim Harbaugh finished fourth in student government election

WATCH: Notre Dame gets warm reception upon return home

WATCH: Kris Letang hospitalized after hit

Aaron Rodgers, sportswriter get into it over on-court access

Sam Dekker's hot shooting sends Wisconsin to Final Four

Jim McElwain complains about Florida roster

Mark Few: I put Coach K up there with John Wooden

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Full WrestleMania 31 recap and results

Why Texas had to fire Rick Barnes

Craig Sager's leukemia has returned

Report: Chris Mullin to take St. John's job

Report: NFL looking into more cameras

CC Sabathia goes off about spring stats

John Fox: Cutler will have to earn job

Texas eyeing Shaka Smart, Gregg Marshall?

WATCH: Brady jumps off cliff in Costa Rica

WATCH: 2 Chainz beats Nique in HORSE

NFL owners chose cost over game integrity

Be careful how loudly you cheer on Mo'ne Davis' olive branch

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.