Originally posted on Rumors and Rants  |  Last updated 3/19/12

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

Free-agent WR Josh Morgan accidentally shot himself, charged with crime

Jon Beason retires after nine NFL seasons

Brewers Association sends Peyton Manning case of craft beer

Report: Police recommend charges against LeSean McCoy

Heat interested in Kings’ 3-point specialist Omri Casspi

Rick Pitino thinks Louisville should be fined $10 million for scandal

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Browns LB Armonty Bryant indicted on felony drug charge

Report: Danny Ainge 'excited' at chance to add Al Horford

Pat Haden collapsed on USC campus

Colts on Andrew Luck contract: ‘It’s going to be a shocking number’

GW basketball coach kicked out of daughter’s HS game

A-Rod is (inadvertently) hurting the Yankees

Chad ‘Ochocinco’ Johnson used to soak his ankles in urine

Why Tom Thibodeau needs to be in New York

Defensemen in high demand as NHL trade deadline looms

Thank you Daniel Bryan

The timeless greatness of Jaromir Jagr

Security guard indicted for assaulting University of Houston football fan

The LeBron-Kobe rivalry and Finals matchup that never was

Mario Williams recognizes Bills may release him

Terrell Owens says Cris Carter 'begged his way' into HOF

QUIZ: Name every WWE Heavyweight Champion

Three NHL players who can cement their legacies like Peyton Manning

Top 11 story lines for the 2016 NFL offseason

Vince Carter: I’ll know when, but I’m not ready to retire

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

Thank you Daniel Bryan

The timeless greatness of Jaromir Jagr

The NCAAB power rankings

Report: Kings to keep coach George Karl

Was Alain Vigneault right about NHL's lack of punishment towards Wayne Simmonds?

Report: Knicks fire coach Derek Fisher

The best and worst commercials from Super Bowl 50

Best and worst from Super Bowl 50

Six best plays from Super Bowl 50

Eli doesn't look thrilled as Peyton wins Super Bowl

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker