Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lakers Trade 5-Time Champ Fisher for Hill as NBA Deadline Passes

The Los Angeles Lakers traded away five-time National Basketball Association champion Derek Fisher and two first-round draft picks before yesterday’s deadline.

The Lakers acquired three players as the team looks to return to the NBA Finals for the eighth time in 13 seasons.

The Lakers sent a first-round draft pick and Fisher, a 37-year-old guard who is the president of the NBA Players Association, to the Houston Rockets in return for Jordan Hill.

“Few who have worn the Lakers uniform have done so with as much class as Derek,” Lakers owner Jerry Buss said in a statement on the team’s website.

Los Angeles also dealt forward Luke Walton, guard Jason Kapono and its 2012 first-round pick to Cleveland for guard Ramon Sessions and forward Christian Eyenga, the Cavaliers said in an e-mailed release.

As part of the deal with the Lakers, Cleveland also retains the right to swap its 2013 first-round pick with that of the Lakers, according to the Cavaliers’ statement.

In total 17 players and eight draft picks were moved prior to the 3 p.m. New York deadline. Perhaps the biggest news focused on a player who stayed put.

Howard Stays Put

Orlando Magic center Dwight Howard, the three-time NBA Defensive Player of the Year, announced yesterday that he’d waive a clause in his contract that would have allowed him to become a free agent after this season. That kept him off the trading block and under contract with Orlando through the 2012-13 season.

The New Jersey Nets, mentioned as a possible destination for Howard, gave up a first-round pick to acquire forward Gerald Wallace from the Portland Trail Blazers, general manager Billy King said on the team’s website. The Nets sent forwards Mehmet Okur and Shawne Williams and New Jersey’s first-round draft pick in 2012 to the Trail Blazers in exchange for Wallace, an All-Star in 2010.

“We are excited to add Gerald’s experience and toughness,” King said. “His leadership and defensive prowess will be assets to our team going forward.”

The Trail Blazers, who yesterday fired coach Nate McMillan a day after a 42-point defeat to the New York Knicks, also traded 37-year-old center Marcus Camby to the Houston Rockets for guard Jonny Flynn, center Hasheem Thabeet and a conditional 2012 second-round pick, according to the league.

Camby, the league’s Defensive Player of the Year in 2007, has led the NBA in blocks four times, most recently in 2008. Thabeet and Flynn, both in their third NBA season, provide youth to the Trail Blazers, who are last in the Western Conference’s Northwest Division.

Blazers Cut Oden

In addition, Portland waived former No. 1 overall pick Greg Oden. The 24-year-old center, who is due to become a free agent at the end of the season, has been limited to 82 games because of injury since being drafted in 2007.

The Washington Wizards acquired center Nene, forward Brian Cook and a 2015 second-round draft pick in a three-team trade with the Denver Nuggets and Los Angeles Clippers, Wizards President Ernie Grunfeld announced on the team’s website.

Washington sent centers JaVale McGee and Ronny Turiaf to the Nuggets, and guard Nick Young to the Clippers. Nene has spent his entire 10-year career in Denver. Cook and the draft pick came from Los Angeles.

Elsewhere, the Philadelphia 76ers said they acquired guard/forward Sam Young from the Memphis Grizzlies in exchange for the rights to forward Ricky Sanchez. The Indiana Pacers traded a 2012 second-round pick and cash to the Toronto Raptors for guard Leandro Barbosa, the 2007 NBA Sixth Man of the Year. The trade was announced by the Raptors in an e-mailed release.

The San Antonio Spurs sent forward Richard Jefferson, guard T.J. Ford and a 2012 first-round pick to the Golden State Warriors for guard Stephen Jackson, according to the team’s website. Jefferson spent the first seven years of his career with the Nets; Ford announced his retirement from the league this week.

Atlanta traded a 2012 second-round pick to the Warriors in exchange for cash, Hawks’ General Manager Rick Sund said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.