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Lakers' trade for Joe Smith officially announced

December 15, 2010 |  8:50 am

The Lakers have officially announced that they traded Sasha Vujacic and a 2011 first-round draft pick to the New Jersey Nets for veteran forward Joe Smith as part of a multi-team trade.

The Lakers also receive Golden State's second-round draft selection in 2011 and Chicago's second-round selection in 2012. Golden State's second-rounder next June might be only a handful of spots lower than the first-rounder the Lakers are giving up in the deal.

The Lakers also received the rights to 6-foot-10 Ukrainian center Sergei Lishouk, 28, who was drafted by Memphis with the 49th pick in 2004 and later had his rights traded to Houston.

The Lakers will save $8 million to $9 million in salary and luxury-tax considerations by trading Vujacic, whose playing time had decreased dramatically this season.

Smith, 35, will take a physical in Philadelphia on Thursday and might practice with the team that afternoon. The Lakers play in Indiana on Wednesday and in Philadelphia on Friday.

The Lakers do not expect any medical problems with Smith that would hold up the deal.

Vujacic, 26, is averaging only 1.8 points and 4.9 minutes a game this season. He played in 12 of the Lakers' 25 games.

Smith was the top overall pick in the 1995 draft, but he has seen a dramatic downturn in his statistics in recent seasons. He played only four games for the Nets this season, averaging 0.5 points and 0.8 rebounds.

-- Mike Bresnahan in Washington