Rockets trade point guard Kyle Lowry to Toronto

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HOUSTON (AP) -- The Houston Rockets began a busy day by officially trading point guard Kyle Lowry to Toronto for a future first-round lottery pick and forward Gary Forbes.

The Rockets have been collecting draft picks for a potential package to entice Orlando to send All-Star center Dwight Howard their way. The Lowry deal was in place several days ago, but Wednesday was the first day teams could finalize the moves they've made since free agency began on July 1.

Houston is expected to sign Bulls center Omer Asik and Knicks guard Jeremy Lin to offer sheets. Chicago and New York will have three days to match the Rockets' offers.

Lowry played four seasons in Houston and averaged 14.3 points, 4.5 rebounds and 6.6 assists last season.