Houston gets: F/G Terrence Williams from NJ New Jersey gets: LAL '11 first-round pick; HOU '12 first-round pick; G Sasha Vujačić from LAL L.A. Lakers get: F Joe Smith from NJ
According to Basketball-Reference.com, the second-year, 23-year-old Williams is averaging 6.7 PPG, 3.6 RPG and 3.1 APG through only 10 games so far this season. He was the 11th pick overall in the 2009 NBA Draft.
Joe Smith, the first overall pick in the 1995 NBA Draft, has played for a staggering eleven NBA teams: the Warriors, 76ers (twice), Timberwolves (twice), Pistons, Bucks, Nuggets, Bulls, Cavaliers, Thunder, Hawks and Nets. When he suits up for the Lakers, that'll make a dozen. In case you're interested, according to WikiAnswers, that'll put him in a four-way tie for "most teams played for in an NBA career" with Jimmy Jackson, Tony Massenburg and Chucky Brown.
Smith has played in four games this year, starting three, and has averages of 0.5 PPG, 0.8 RPG and 0.3 APG thus far. His career average is 11.0, 6.4, 1.0.
Sasha Vujačić is a six-year NBA veteran, who's spent his entire NBA career thus far with the Lakers after being drafted 27th by them in the 2004 NBA Draft. A native of Slovenia, he's averaging 1.8P, 0.4R, 0.5A in 11 games so far. He won the NBA championship with the Lakers in both '09 and '10.
The first article I linked to suggests that the real reason behind the trade is that New Jersey gets those two first-round draft picks, giving them (with the inclusion of a lottery-protected '11 pick from Golden State) a total of five first-round picks through '12. Good bait for a potential trade to acquire Carmelo Anthony.
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http://sports.espn.go.com/nba/news/story?id=2105800 5 years, $55-60M. For once, a free agent contract that's not so crazy. So the Cavs have LeBron, Hughes and Z. Get them some more shooting and they could be dangerous.