The Oklahoma City Thunder have signed veteran point guard Derek Fisher for the remainder of the season.

Fisher became a free agent Wednesday after clearing waivers. He had reached a buyout agreement with the Houston Rockets on Monday.

The Rockets acquired Fisher and a first-round draft pick in 2012 from the Los Angeles Lakers in exchange for forward Jordan Hill.

The 37-year-old Fisher was part of five championship teams with the Lakers. In his 16th season, Fisher was averaging 5.9 points and 3.3 assists for Los Angeles this season.