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Source: Nets acquire McDaniels from Rockets

NEW ORLEANS -- In a move to get salary cap space, the Houston Rockets traded forward K.J. McDaniels to the Brooklyn Nets on Thursday afternoon, just before the 3 p.m. ET trade deadline according to a source.

The Rockets also traded Tyler Ennis to the Lakers in exchange for fellow guard Marcelo Huertas, a source said. Houston is expected to waive Huertas.

The trades will give the Rockets $3.5 million in cap space, which a source said they will use in an attempt to sign players who have been brought out.