The Kings have announced that the trade for 6-4 guard Jermaine Taylor is official. Sacramento sent a "heavily protected" second-round pick to the Houston Rockets in exchange for Taylor and cash considerations. Taylor is due to make $780,871 this season. He is signed for two more years at a total of $1.8 million, but those years are completely unguaranteed. The Kings could remove Taylor's future salary by waiving him by August 1, 2011.
Taylor, 24, has played less than 400 minutes in the NBA in two seasons. He spent eight games with the D-League's Rio Grande Valley Vipers last season, averaging almost 20 points a game. At Central Florida, Taylor was known as a scorer, averaging 26 points a game as a senior.
It's unclear how much cash the Rockets sent the Kings. The Rockets likely at least covered Taylor's salary and paid a "fee" for Sacramento's help in freeing up a roster spot. The Rockets used that spot to pick up 2009 lottery pick Terrence Williams. The Nets shipped Williams out in a three-way trade with the Lakers and Rockets in order to get two more first-round picks, assumed to be part of New Jersey's offer for Carmelo Anthony.