"The Nets today completed the three-team trade with the Rockets and Lakers that will send Terrence Williams to Houston and Joe Smith to Los Angeles.

In return the Nets receive a lottery protected 2012 first-round pick from Houston, and shooting guard Sasha Vujacic and a 2011 first-rounder from the Lakers protected 1-18. The Nets also are giving the Lakers two second-round picks, Golden State's 2011 and Chicago's 2012. The Lakers also will receive 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," general manager Billy King said. "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."

The Nets made this trade for many reasons and with Carmelo Anthony in the forefront of their mind.

They want to collect as many assets as possible to sweeten their package with Denver for Anthony or to expand the deal by including more teams and more players.

But if Denver ends up taking the Nets' latest offer of Derrick Favors, Troy Murphy's expiring contract and two first-round picks, the Nets still have two first-rounders they can use themselves or in other deals. The Nets are expected to be active as you would imagine a team with a 6-19 record would."