A source with "intimate knowledge of the situation" told Alan Hahn that the Knicks remain interested in Ramon Sessions and that signing the restricted free-agent to an offer sheet is still one of Donnie Walsh's highest priorities.  

The Knick offer is believed to be around $4 million per season.  Hahn does not believe the Clippers are serious suitors to acquire Sessions and that Walsh is unwilling to bid against himself.

The Bucks stand only about $1.6 million from this season's luxury tax threshold.

Gery Woelfel of the Journal Times reports that the Knicks and Clippers know the Bucks will not match an offer sheet to Sessions but both clubs prefer to work a sign-and-trade with Milwaukee.