Update: The Denver Nuggets have traded point guard Ty Lawson to the Houston Rockets.

The Nuggets receive a lottery protected first-round pick in 2016 and cash considerations along with Nick Johnson, Kostas Papanikolaou, Pablo Prigioni and Joey Dorsey in the deal that also sends a 2017 second-round pick to Houston.

Lawson would give the Rockets needed depth at point guard with Patrick Beverley, though is currently dealing with off-the-court issues. He entered a 30-day residential treatment program for alcohol last week after his second DUI arrest.

Original Story: Reports surfacing that indicate the Denver Nuggets have agreed in principle to a trade that would send guard Ty Lawson to the Houston Rockets. Full details on the reported trade will be released when available.

Denver has agreed to a deal to send guard Ty Lawson to Houston, league sources tell Yahoo Sports.

— Adrian Wojnarowski (@WojYahooNBA) July 20, 2015

Sources: As part of deal for Ty Lawson, Houston will send Kostas, Pablo Prigioni, Joey Dorsey, Nick Johnson and a protected first to Denver.

— Adrian Wojnarowski (@WojYahooNBA) July 20, 2015