NBA Trade Deadline 2012: L.A. Lakers Land PG Ramon Sessions from Cavaliers

The Los Angeles Lakers have filled their gaping hole at the PG position less than an hour and a half before the trade deadline.

According to ESPN's Brian Windhurst, the Lakers exercised their $8.9 million trade exception from the Lamar Odom move to the Dallas Mavericks in order to land Cleveland's Ramon Sessions in exchange for their 2012 first round draft pick.

The Lakers also retain the right to swap picks next year with Miami's first round pick, which Cleveland owns as well.

In his four games started in Cleveland, Sessions averaged an impressive 17.8 points and 11 assists per game. The Lakers have been desperate to land a true point guard, as the three-guard tandem of Derek Fisher, Steve Blake and rookie Darius Morris hasn't been a productive one.

Sessions' contract earns him $4.2 million this year, and is bumped up to $4.5 next season.

According ESPN's Dave McMenamin, the Lakers are also closing in on a three-team trade that will land them F Michael Beasley from the Minnesota Timberwolves, while shipping out PG Steve Blake to the Portland Trail Blazers.

Will these two deadline deals push the Lakers into another NBA Finals appearance?

Kristian Winfield is a Featured Columnist for the Portland Trail Blazers on the Bleacher Report. You can follow him on Twitter @BriscoXCI.