The Cavaliers have landed point guard Ramon Sessions from the Timberwolves, according to Brian Windhorst of the Cleveland Plain Dealer.

Cleveland will send Delonte West and Sebastian Telfair to Minnesota for Sessions, Ryan Hollins and a 2013 second round pick.

There have been reports that the Timberwolves have only acquired "the contracts" of West and Telfair.

The Phoenix Suns today acquired forward Hedo Turkoglu from the Toronto Raptors in exchange for guard Leandro Barbosa and forward/center Dwayne Jones, the club has announced.  The trade is pending the completion of physicals.

?Hedo is a versatile player and somebody who we always thought would fit into our system,? said Suns Head Coach Alvin Gentry.  ?He is a good ball handler who can create plays for other people and who can play three different positions.  He?ll fit well into what we?re trying to do here.?

The Phoenix Suns today acquired swingman Josh Childress in a sign-and-trade deal with the Atlanta Hawks, the club has announced.  In exchange, Atlanta receives the Suns' 2012 second-round draft pick. Childress has signed a five-year contract.

"Josh is a tremendous athlete who can play multiple positions," said Suns Head Coach Alvin Gentry.  "We think he is going to be a great perimeter defender who can bring a lot on the offensive end as well with his ability to slash.  Josh will add a lot to our team because he is so multitalented."

The Utah Jazz announced today that the team has acquired center/forward Al Jefferson from the Minnesota Timberwolves in exchange for center Kosta Koufos, the Memphis Grizzlies' protected 2011 first-round pick (obtained by the Jazz a previous trade) and an additional future protected first-round pick.

"We are happy to acquire a young power player who has developed into one of the best low-post scorers in the league," said Jazz General Manager O'Connor. "We gave up significant assets to obtain Al and we look forward to watching him progress with our team."

The Golden State Warriors have acquired All-Star forward/center David Lee in a sign-and-trade deal with the New York Knicks, in exchange for Kelenna Azubuike, Anthony Randolph, Ronny Turiaf and a 2012 second round draft pick, the team announced today.  Per team policy, financial terms of Lee?s deal were not released.  
                                                     
Lee, 27, appeared in 81 games for the Knicks last season, averaging 20.2 points, 11.7 rebounds, 3.6 assists and 1.05 steals in 37.3 minutes per contest, while shooting 54.5% (686-1,258 FG) from the field and 81.2% (268-330 FT) from the line en route to being named to the Eastern Conference All-Star Team.  One of only three players in the NBA last season to average at least 20 points and 10 rebounds (joining Chris Bosh and Zach Randolph), Lee ranked fourth in the league in rebounding, fourth in double-doubles with 53 (trailing only Dwight Howard, Zach Randolph and Carlos Boozer), ninth in field goal percentage and 15th in scoring.  
                                                   
?David Lee is a terrific basketball player and an All-Star,? said Warriors? General Manager Larry Riley. ?His skill-set addresses two areas where we need to improve: rebounding and passing, plus, we know he will score.  He is a proven talent in this league and we like the way that his talents fit with the other core players on our roster.  We thank Kelenna, Anthony and Ronny for their contributions to our team and organization during their time here, and wish them nothing but the best. This decision was not easy, but, at the end of the day, we feel that this was the right move for our organization and we are excited that David Lee is now a member of the Golden State Warriors.?

Oklahoma City Thunder Executive Vice President and General Manager Sam Presti announced today that the team has acquired the draft rights to Cole Aldrich (11th overall) and veteran forward Morris Peterson from the New Orleans Hornets in exchange for the draft rights to Craig Brackins (21st overall) and Quincy Pondexter (26th overall).

?We are pleased to welcome Cole and Morris to the Thunder organization,? said Presti. ?Cole brings a blue collar approach to the defensive end of the floor that complements our current core as we continue to build our team in Oklahoma City. Morris adds more shooting to our roster in addition to his professionalism and experience.?