Large language models (LLMs) support long-context inference but suffer from substantial memory and runtime overhead due to Key-Value (KV) Cache growth. Existing KV Cache eviction methods primarily rely on local attention weights, neglecting the influence of value representations, output projection, and inter-head interactions. In this work, we reformulate KV Cache eviction from a conventional head-wise, weight-averaging approach into an output-aware, layer-wise matrix multiplication approximation problem. We introduce LaProx, a novel eviction strategy that explicitly models the multiplicative interaction between attention maps and projected value states to accurately quantify token contributions while accounting for inter-head dependencies. Building on this metric, we propose the first unified eviction strategy that assigns globally comparable importance scores to tokens, enabling model-wide selection instead of local, head-wise decisions. Experimental results across 19 datasets on long-context benchmarks LongBench and Needle-In-A-Haystack demonstrate that our approach maintains model performance with only 5% of the KV cache and consistently outperforms prior works across all configurations. Notably, our method achieves up to 2$\times$ accuracy loss reduction under extreme compression scenarios compared to existing state-of-the-art baselines with minimal overhead. Our code is available at https://github.com/huuthomai/LaProx.

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