Overview

• Mark Walter’s $10 billion bid surpasses any previous U.S. sports franchise sale.
• The deal awaits NBA board approval before Walter officially takes control of the Lakers.
• Jeanie Buss will remain franchise governor, representing the team at league owners’ meetings.
• Magic Johnson endorsed Walter’s purchase, praising his success with the Dodgers.
• LeBron James faces a June 29 deadline on his $52.6 million player option, and Luka Doncic remains under contract through 2029-30 via a four-year, $229 million extension.