The Nets have obtained guard Sasha Vujacic and a 2011 first round draft pick from the Lakers (protected 1-18), along with the Rockets' first round selection in 2012 (lottery protected), Nets General Manager Billy King announced Wednesday.  

As part of the three-team trade, the Lakers acquired forward Joe Smith and two second round draft picks from the Nets (Golden St.-2011 & Chicago-2012) along with the draft rights to Sergei Lishchuk from the Rockets, while the Rockets acquired guard Terrence Williams from New Jersey.

"This trade benefits our team in both the short and long term," said King. "Sasha is a veteran NBA player who will add depth to our backcourt rotation, while the addition of the two future number one picks adds to our assets as we look to rebuild into a championship contender."