AP Source: Bobcats nab Sessions, let Augustin walk

The person spoke to The Associated Press Thursday on condition of anonymity because the move has not been publically announced.

Financial terms of the deal have not been announced.

Sessions replaces D.J. Augustin, whose qualifying offer was rescinded earlier Thursday. The move made Augustin, last year's starting point guard, an unrestricted free agent.

Sessions is entering his sixth season and averaged 12.7 points, 6.2 assists and 3.8 points per game last season for the Lakers with 19 starts. He's previously played for Milwaukee, Minnesota and Cleveland and has averaged 11.1 points and 5 assists per game during his career.

Sessions opted out of his contract with the Lakers to sign with the Bobcats.

It's unclear at this point who'll be the team's starting point guard. The Bobcats drafted Kemba Walker with the ninth pick in last year's draft and owner Michael Jordan likes the savvy of the former Connecticut star, although he's a little undersized at 6-foot-1. Jordan has a major role in the decision to draft Walker, who played in spurts last season and had one triple-double as a rookie.