EL SEGUNDO, Calif. -- In the aftermath of a second straight second-round exit from the playoffs, Los Angeles Lakers general manager Mitch Kupchak said Wednesday that a shakeup is in store for the franchise.

"There will be some change," Kupchak said Wednesday after finishing exit interviews with all but one player on the Lakers' roster. He and Kobe Bryant will meet either late this week or early next week near Bryant's home in Newport Beach, Calif. "There will be a bit of activity July 1st, looking at who we can bring back and dealing with the marketplace."

Kupchak would not rule out the possibility of the Lakers pursuing a major trade to get the team back into championship contention.

"Why not? Sure," Kupchak said. "When you lose before you think you should have lost, you have to open up all opportunities."

Nearly half the Lakers roster is set to become free agents this offseason, accounting for the entire bench, except for Steve Blake, who still has two years remaining on his deal. Starting point guard Ramon Sessions could join that group if he decides to opt out of the final year of his contract, worth approximately $4.55 million.

"I have no idea what he's going to do," Kupchak said.

The Lakers won't let Andrew Bynum test the free-agent market as Kupchak said the team will pick up the $16.1 million option on Bynum for next season by the June 30 deadline. However, no decision has been made as to whether the Lakers will commence contract extension negotiations with their All-Star center.

"That's step one," Kupchak said of exercising Bynum's option. "Anything beyond that we'll discuss internally and precede if that's the course that we're going to take."

Another internal discussion will determine the fate of Pau Gasol. The Lakers tried to trade Gasol to Houston before the season began as part of a three-team deal that would have landed them Chris Paul from New Orleans. Gasol could find himself on the trade block again.