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Sources: Ramon Sessions to Lakers

The Los Angeles Lakers have acquired point guard Ramon Sessions from the Cleveland Cavaliers as part of a multi-player deal that will bring the Cavs the Lakers' 2012 first-round pick, according to league sources.

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The Cavs also will send young wing player Christian Eyenga to the Lakers and veteran forward Luke Walton will be going to the Cavs. The Lakers' will keep their draft pick this year if they miss the playoffs. As part of the deal, the Lakers also will have the right to swap first-round draft position in 2013 with the Miami Heat's first round pick, which the Cavs own.

Sessions is averaging 10.5 points and 5.2 assists for the Cavs this season and fills a need for the Lakers, who have been in the market for a true point guard. Sessions is earning $4.2 million this season and is scheduled to earn $4.5 million next season, which is his option.

Walton, who has battled injuries over the last several years, has one year and $6.1 million left on his contract -- he's played in just nine games this year. Eyenga has played in just six games and has spent time in the D-League.

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Sources: Lakers deal Derek Fisher

The Los Angeles Lakers traded longtime point guard Derek Fisher after acquiring Ramon Sessions earlier in the day, according to sources.

Fisher, who has spent 13 of his 16 NBA seasons with the Lakers, was dealt to the Houston Rockets for Jordan Hill, sources told ESPN The Magazine's Ric Bucher. The Lakers will also send a first-round pick, which was previously acquired from Dallas, in this year's draft.

More on the Lakers

For more news and notes on the Lakers, check out the Land O' Lakers blog from the Kamenetzky brothers. Blog

The Lakers picked up Sessions from the Cleveland Cavaliers as part of a multi-player deal that will bring the Cavs the Lakers' 2012 first-round pick, according to league sources.

The Cavs also will send young wing player Christian Eyenga to the Lakers and veteran forwards Luke Walton and Jason Kapono will be going to the Cavs. The Lakers' will keep their draft pick this year if they miss the playoffs. As part of the deal, the Lakers also will have the right to swap first-round draft position in 2013 with the Miami Heat's first round pick, which the Cavs own.

Fisher has been part of five NBA titles with the Lakers. He is averaging 5.9 points and 3.3 assists per game this season. He has averaged 8.7 points and 3.1 assists per game in his career.

Sessions is averaging 10.5 points and 5.2 assists for the Cavs this season and fills a need for the Lakers, who have been in the market for a true point guard. Sessions is earning $4.2 million this season and is scheduled to earn $4.5 million next season, which is his option.

Walton, who has battled injuries over the last several years, has one year and $6.1 million left on his contract -- he's played in just nine games this year. Eyenga has played in just six games and has spent time in the D-League.

Kapano, who played his rookie year with the Cavs in 2003-04, has played in 27 games and is averaging two points. His contract is up at the end of the season.