The Indiana Pacers acquired point guard Darren Collison and forward James Posey from New Orleans Wednesday in a four-team NBA trade that also includes New Jersey and Houston.
The Pacers also said they sent Troy Murphy to the Nets, who sent guard Courtney Lee to Houston.
To complete the deal, the Rockets sent swingman Trevor Ariza to New Orleans.
The Pacers had been searching for a point guard since TJ Ford fell out of favor last season with coach Jim O'Brien.
In Collison they get a rising young point guard who played well when Hornets starter Chris Paul was hurt.
Collison averaged 12.4 points and 5.7 assists as a rookie last season, including 18.8 points and 9.1 assists in 37 starts.
"We're excited to add Darren to the strong core of young players already on our roster," Pacers president Larry Bird said. "He's a dynamic young point guard and we believe that he will be a key piece of our goal of building a team that the fans in Indiana deserve."
Murphy played in 262 games for the Pacers, with averages of 13.3 points and 9.2 rebounds per game.
"We are very pleased to add Troy to our roster," Nets general manager Billy King said. "He is a quality power forward who has the ability to stretch the floor, and we feel that he will be a very positive addition to our frontcourt rotation."
Posey has spent 11 seasons in the NBA with career averages of 8.8 points and 4.8 rebounds per game. New Orleans were able to move the remaining two years and more than 13 million dollars left on his contract.
The Rockets also were able to cut some salary. Ariza was due to make some 6.3 million dollars this season, the first of four years left on his contract.

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