"The Nets have agreed to trade Terrence Williams to the Houston Rockets in a three-way deal that will bring Lakers guard Sasha Vujacic and two first round picks to New Jersey, according to several reports.

The Nets will get a 2011 first rounder from the Lakers and a 2012 first rounder from Houston, according to Yahoo Sports, which also reported that the Nets will send veteran backup big man Joe Smith to the Lakers.

The deal cannot be finalized or announced until tomorrow, because Smith was signed over the summer, and players who sign free agent contracts over the summer cannot be traded until Dec. 15.

The acquisition of the two first round picks gives the Nets additional ammunition to sweeten their offer to the Denver Nuggets for Carmelo Anthony. The most recent offer the Nets made for Anthony was rookie power forward Derrick Favors and two No. 1 picks. They can now offer Favors and four No. 1s, if they want, or can use the picks to make other deals to acquire other assets the Nuggets may find appealing.

Williams was deactivated from tonight's game against the Philadelphia 76ers and was told by the team not to come to the game, according to Nets coach Avery Johnson. The coach said the team was not upset with Williams and added that he was healthy.

The Record reported minutes after Johnson's pregame briefing with reporters that Williams had been traded."