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On Wednesday, the Buss family reportedly agreed to sell a majority share of the Los Angeles Lakers to Mark Walter for a valuation of $10 billion. Walter has owned a sizable chunk of the Los Angeles Dodgers for many years, and fans are anticipating that this transaction could lead to the Lakers having the type of sustained success the Dodgers, the defending World Series champions, have had in recent years.
While Jeanie Buss, who has been the Lakers’ governor for years, will remain in that role, it could mark a major shift as far as how they do business financially when it comes to personnel decisions.
They have long been criticized for being run like a family-owned small business, but apparently, those days are now ending.
One item on their to-do list this summer is to get Luka Doncic, the new face of the franchise, to sign some sort of long-term contract extension. He can opt out of his current contract next summer, and he can officially agree to an extension starting on Aug. 2 of this year.
In the meantime, he seems happy with the change in team ownership, judging by a post he made on X (formerly known as Twitter).
Doncic was sent to the Lakers by the Dallas Mavericks in a seismic trade that took place on Feb. 1. While many outside the Lakers’ sphere of influence are still upset over the low price (Anthony Davis, Max Christie and one future first-round draft pick) L.A. paid, the Purple and Gold’s championship window has been pried open, and it could remain ajar for many years to come.
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