Sessions was acquired by the Lakers in a mid-season trade and looked quite solid in their run to the NBA Playoffs, but the team knew they'd likely only get the remainder of this season from him when they agreed to the trade. Sessions had a $4.5 million option for next season, but has apparently decided that he can make more money on the open market.
Point guard Ramon Sessions will not exercise a player option to stay with the Lakers and will become a free agent, The Times has learned.— Mike Bresnahan (@Mike_Bresnahan) June 19, 2012
The Lakers are likely still interested in Sessions' services, but only at the right price. And, since the vagabond point guard decided to opt out of his contract, he's likely entering this offseason looking to get paid.