"When the New Jersey Nets chose Terrence Williams with the 11th pick of the 2009 draft, Rockets general manager Daryl Morey considered it a good value and a wise choice.

A little more than a season later, he made the same bet.

The Rockets completed the three-team deal to acquire Williams on Wednesday, sending a lottery-protected 2012 first-round pick to New Jersey, taking the chance that Williams could overcome the issues that had stalled his career with the Nets.

In the trade, Joe Smith and two second-round picks went to the Lakers, for Sasha Vujacic and a first-round pick. The Lakers get the draft rights to Sergei Lishouk from the Rockets. The rights to Lishouk were acquired from Memphis in the deal for Kyle Lowry, but he was never in the Rockets' plans.

"We felt like that draft, Terrence had top-10 talent," Morey said. "We still believe that. We think a fresh start might be exactly what he needs to show what he can do. It's going to have to be something he shows the coaching staff how he can help us win."

The Nets had suspended Williams for two days for habitual tardiness before he was sent to the NBA Development League for three games. "