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UPDATE: The Los Angeles Lakers have acquired guard Ramon Sessions and forward Christian Eyenga from the Cleveland Cavaliers in exchange for forwards Luke Walton and Jason Kapono, it was announced today by General Manager Mitch Kupchak. In addition, Cleveland will receive the Lakers’ 2012 first round draft pick (protected) and other considerations. (Via Lakers Official Press Release)

The Lakers needed a point guard, and it looks as though they have landed one.

Multiple outlets are now reporting that the Lakers have acquired Ramon Sessions and Christian Eyenga in a trade for Luke Walton and a 2012 first-round pick (lottery protected).

Brian Windhorst, of, first reported on the story:

The Los Angeles Lakers have reached a deal to trade for point guard Ramon Sessions from the Cleveland Cavaliers, according to league sources.

In 41 games this season, Ramon Sessions is averaging 10.5 points, 5.2 assists, and 3.1 rebounds per game. Sessions, who many consider a starting talent, has only started four games this season (24.5 minutes per game) due to the emergence of Kyrie Irving.

Christian Eyenga is a 6-7, 210 pound Forward out of Congo. He is averaging 13.8 minutes, 1.5 points, 2.0 rebounds, and 0.7 blocks per game.

Those that are wondering why the Cavs would take on Luke Walton’s bad contract, Beacon Journal sports writer Jason Lloyd explains:

Walton has one year and $6.1 million left on his contract, but the Cavs made the move for the extra pick. They now have two first-round selections both this season and next season.

Walton has spent all nine of his seasons with the Lakers since being drafted back in 2003, with the 32nd overall pick.