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Derek Lamont Anderson (born July 18, 1974 in Louisville, Kentucky) is an American professional basketball player.He is currently a free agent.
Anderson is a graduate of Doss High School and was a Kentucky All-Star. Anderson played college basketball at the Ohio State University and the University of Kentucky. In 1996, Anderson helped the University of Kentucky win the NCAA Men's Basketball Championship as part of a team that featured seven future NBA players under their coach Rick Pitino. Anderson went on to graduate from the University of Kentucky in 1997.
He was first selected by the Cleveland Cavaliers as the 13th overall pick to the 1997 NBA Draft, despite missing much of his second senior season at Kentucky due to a torn anterior cruciate ligament (ACL). He played for Cleveland from 1997–1999.
Anderson's NBA career has been plagued by injuries. In the 2004-2005 season he only played in 8 of the final 42 games for the Portland Trail Blazers, and missed similar numbers of games in prior seasons. On August 3, 2005, he was the first player in the league waived using the so-called "luxury tax amnesty clause" of the 2005 NBA collective bargaining agreement. He would sign with the Houston Rockets as a free agent before being traded to the Miami Heat in exchange for Gerald Fitch.
Anderson was waived by Heat on September 12, 2006, prior to the beginning of the 2006-07 season. Several weeks later, on November 28, he signed with the Charlotte Bobcats.