Rockets, Nets, Lakers agree on trade

The New Jersey Nets, Los Angeles Lakers and Houston Rockets have agreed in principle on a three-way trade that will send Terrence Williams(notes) to Houston, league sources told Yahoo! Sports.

Lakers guard Sasha Vujacic(notes) and a 2012 first-round pick from Houston will go to New Jersey. Nets forward Joe Smith(notes) will join the Lakers, who also will send their 2011 first-round pick to New Jersey. The deal can’t be finalized until Wednesday, the first day Smith and other free agents who signed in the summer can be traded.