Marc Stein reports that the Knicks are on the verge of making an offer to restricted free-agent Ramon Sessions.
New York has all of its mid-level exception remaining and Donnie Walsh is reportedly prepared to give Sessions a longer-term contract with the aim of forcing the Bucks to let Sessions go.

"One trusted source insists that the Knicks believe they can extend Sessions far enough to dissuade Milwaukee from matching but without affecting their well-chronicled strategy to leave enough salary-cap space to recruit one maximum-salaried free agent in the summer of 2010," writes Stein.

The Bucks are competing with the Cavs and Sixers to sign forward Hakim Warrick.

UPDATE:  On his Twitter page, Andrew Marchand of ESPN Radio in New York writes that Sessions' agent said he plans to talk to the Knicks again on Monday.