Lakers Trade For Ramon Sessions, Deal Derek Fisher To Rockets For Jordan Hill

LOS ANGELES, CA - JANUARY 13: Ramon Sessions #3 of the Cleveland Cavaliers drives between Darius Morris #1 and Troy Murphy #14 of the Los Angeles Lakers at Staples Center on January 13, 2012 in Los Angeles, California. The Lakers won 97-92. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Stephen Dunn/Getty Images)

The Lakers have long needed a real point guard, made all more acute by the team's departure from the triangle and institution of a more traditional system under the auspices of coach Mike Brown. As we know well, the team tried to trade for Chris Paul at the start of the season before the league aborted that notion, and the Lakers have been rumored in a number of possible point guard deals ever since. Well, at least for now, the Lakers appear to have gotten their point guard. From ESPN's Brian Windhorst:

About to go up to ESPN.com: Lakers have agreed to a trade for Cavs point guard Ramon Sessions for a future draft pick.

Sessions was drafted by Milwaukee with the 56th pick in the 2007 draft and has shown himself as a nice contributor in limited minutes before getting signed by Minnesota and then dealt to Cleveland, where he showed that he was a solid pick-and-roll guard. As Sessions has a player option he is unlikely to exercise for next season and the Cavs have rookie phenom Kyrie Irving starting at the point, Sessions was expendable, and luckily for the Lakers, available for their purposes. We will update you on the particulars of the deal as they come out.

UPDATE (10:45 AM): So we have more particulars. From Jason Lloyd of the Akron Beacon Journal:

BREAKING NEWS: #Cavs trade Ramon Sessions, Christian Eyenga to Lakers for Luke Walton and Lakers' #1 pick (top 14 protected) in 2012 draft.

Eyenga is an athletic forward taken by the Cavs in the 2009 draft. He is very raw and has some defensive potential, but is unlikely to be a contributor anytime soon. That noted, the Lakers were able to dump Luke Walton's contract on Cleveland in exchange for the Lakers' first rounder. The lottery protection on the outgoing first rounder won't mean anything unless there are a series of catastrophic injuries. Altogether, if the Lakers can retain Sessions after this season, it will be worth the cost. The Lakers, moreover, will retain the traded player exception (TPE) they acquired in the Lamar Odom deal, so the Michael Beasley deal that is reported to still be in the works can still be consummated.

UPDATE (11:39): Jason Kapono will be joining Luke Walton in Cleveland. This opens up a roster spot for another acquisition and ensures that rookie Andrew Goudelock will get some playing time, barring another trade. From Yahoo! Sports' Adrian Wojnarowski:

As part of the Ramon Sessions package, the Lakers sent Jason Kapono to Cleveland, league source tells Y! Sports.

UPDATE (12:08 AM): Coming right against the deadline, the Lakers have solved the new glut at the point guard position by dealing Derek Fisher and the first round pick they acquired from Dallas to Houston for backup center Jordan Hill. From Woj:

Let's fix this: The Lakers have traded Derek Fisher and a 2012 first-round pick (via Dallas) for Jordan Hill, league sources tell Y!

Follow this author on Twitter @brosales12.

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