Derek Fisher is free to sign with the Los Angeles Lakers.
The NBA's new CBA states that a player traded and then waived by the team that acquired him can't re-sign with his original team, or until the traded contract runs out, whichever arrives first.
Fisher was bought out by the Rockets before he was eligible to invoke his option for 12-13, which made Fisher a full free agent on July 1st.
The Lakers have too many point guards on their roster already and are reportedly shopping Steve Blake and Chris Duhon.
Fisher finished last season with the Thunder.