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

Community college hockey player leaves penalty box, attacks referee

Tampa Bay Lightning trade star goaltender Ben Bishop to the LA Kings in surprise deal

Divac makes bold promise after trading DeMarcus Cousins

Popovich praises Magic, wishes him well with Lakers

Report: Andrew Bogut likely to join Cavs after buyout

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Broncos expected to 'at least discuss' Romo

Report: Raiders don't expect to keep Latavius Murray

Report: Josh Hamilton needs another knee operation

Ball's father says comment about Lakers was misquoted

Revis hints he is open to taking significant pay cut

Several NBA executives have concerns about Lonzo Ball’s father

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Eat, Drink, Watch: Your award-worthy weekend planning guide

Grading the NBA trade deadline on the Vince Carter scale

Box Score 2/24: A night of NBA disrespect

As NHL trade deadline nears, seven teams who could be dealing

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Streaming sports docuseries you don't want to miss

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

The Aesthetic: Pushing the boundaries of the three-pointer

NBA coaches who should be fired soon

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

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

Eat, Drink, Watch: Your award-worthy weekend planning guide

Grading the NBA trade deadline on the Vince Carter scale

Streaming sports docuseries you don't want to miss

As NHL trade deadline nears, seven teams who could be dealing

The 'Pete Rose instead of Kareem? Surely, you can't be serious' quiz

Teams that can prevent a Cavs-Warriors NBA Finals three-peat

The NFL off-season is a passer’s fancy

QUIZ: Name every MLB pitcher who has recorded 10 or more shutouts in a single season

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