Let me start this off by saying that I am a huge Derek Fisher fan. That said, he should not come back to play for the Los Angeles Lakers.
Last year when he was traded to Houston, bought out and signed to the Oklahoma City Thunder, it was said that even if the Lakers wanted to bring Fisher back for this season, they couldn't do it until March due to the CBA's new rules.
It's now been established that that is not the case. Marc Stein of ESPN reported:
“Fisher has, indeed, been verified by the league office as eligible to re-sign with the Lakers since July 1.”
That doesn't mean the Lakers have been looking at him, nor should they. Fisher will always live on in Laker lore with his crucial clutch shots, but this is not those teams, and he is not that player.
The Lakers currently have five point guards on the roster, and the problem is that only one of them is any good.
Steve Nash is the starting guard, and the backup is a toss-up between Steve Blake and Chris Duhon, depending who you ask. This means Fisher would take the spot of one of the younger players, Darius Morris or Darius Johnson-Odom and would mean the youngest guy in the top four point guards has been in the league for eight years.
The Lakers do not need to get older; they need to build up the young guys because Nash won't likely be around after three years.
Fisher is certainly a locker room leader, but the Lakers have some pretty serious leaders in Kobe and Nash, along with the bevy of other vets they have signed.
There's also the issue of money. The Lakers are trying to stay near the cap, and Fisher can't sign for less than the veterans minimum, which is over $1 million.
Then there comes the other question of how Fisher would be used. He would essentially be coming back to do what he does best, which is come in when he needs to be clutch. But take a look at who the Lakers' five would be: Steve Nash, Kobe Bryant, Metta World Peace, Pau Gasol and Dwight Howard.
Who do you take out to make room for Fisher, who likely won't even draw two defenders, no matter his history?
Derek Fisher can find a place on another team, maybe even the Clippers since they seem to be taking on a lot of former Lakers, and Fisher would play well with them. But the Lakers, as currently constructed, have no use for Fisher and it would throw a wrench into their plans to cultivate young players.