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Fisher Gave Up Entire $3.4M Salary For 12-13 In Buyout

Derek Fisher opted out of the entire $3.4 million remaining on his contract for the 12-13 season, according to a source. Fisher will receive his remaining 11-12 salary in full.

Houston essentially traded Jordan Hill and his expiring contract to the Lakers for a first round pick.

When Fisher clears waivers, he will be free to sign with any team except for the Lakers or Rockets.

Via Jonathan Feigen/Houston Chronicle (via Twitter)

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