Rockets waive Derek Fisher

Los Angeles Lakers' Derek Fisher in the second half of an NBA basketball game against the Minnesota Timberwolves Friday, March 9, 2012, in Minneapolis. The Lakers won 105-102. (AP Photo/ Jim Mone)

March 19, 2012 5:02:00 PM PDT
The Houston Rockets have waived point guard Derek Fisher, less than a week after acquiring him in a trade with the Los Angeles Lakers.

Houston picked up a 2012 first-round pick from the Lakers and sent Jordan Hill to L.A. in the deal. Jamie Wior, Fisher's representative, said in an e-mail that Fisher and the Rockets have negotiated a buyout of his contract, due to expire this season.

Wior said Fisher's "desire to win a sixth championship is what drives him and will continue to drive him as he moves forward."

The Rockets are thin at point guard with Kyle Lowry still recovering from a bacterial infection, and Jonny Flynn dealt to Portland in a separate trade last week. Goran Dragic has started the last six games for the Rockets.