The Fish That Got Away, Rockets Reportedly Will Offer Buy-Out To Derek Fisher

The speculation that started after veteran point guard Derek Fisher did not show up for his first game since being traded to the Houston Rockets, as Houston lost to the Clippers at the Staples Center Saturday night; appears to be panning out  as “” has reported that according to their sources in the Association, the Rockets are preparing a buy-out package for the former Lakers guard. Fisher was traded to Houston by Los Angeles on Thursday in a deal that sent center Jordan Hill to the Lakers, it was their second transaction of the day after receiving point guard Ramon Sessions from the Cleveland Cavaliers in their first deal.

When the trade was first announced, there was talk that Houston would negotiate a buy-out with the guard for next season as he currently has a $3.4 million option for the 2012-2013 campaign. Whether this was the Rockets original idea when they completed the Thursday trade, or it was decided after talking with Fisher is unknown at this time. The buy-out may happen as soon as Monday, which would mean Fisher would clear waivers on Wednesday.

In previous seasons, Fisher would have been able to re-sign with the Lakers after 30 days, however that is no longer the case. The new NBA Collective Bargaining Agreement, put an end to that practice, so Fisher will be able to negotiate a deal for the balance of the campaign with any other team except for the Lakers. One casualty of the trade was the veteran’s consecutive game streak which ended on Saturday as he was a no-show for the contest against the Clippers.

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