UPDATED below at 2:25 AM 10/28/12
The Rockets have acquired reigning Sixth Man of the Year award winning guard James Harden, according to Yahoo! NBA reporter Adrian Wojnarowski:
The Rockets sent Kevin Martin, Jeremy Lamb, and future draft considerations to the Thunder for Harden, sources told Y! Sports. Along with Harden, the Thunder will send Cole Aldrich, Lazar Hayward, and Daequan Cook.
As part of the deal, the Thunder will receive “significant” future draft picks from Houston, a source told Y! Sports.
The Oklahoman’s Darnell Mayberry adds that at least three of the picks the Thunder will be getting are a protected first-round pick from Toronto, a protected 1st-round pick from Dallas, and a 2013 Charlotte second rounder.