Lakers Sold to Walter for Record $10 Billion, Buss to Remain Governor Up to Five Years

The Los Angeles Lakers have undergone significant offseason changes, including LeBron James opting into his $52.6 million player option for the 2025-26 season and acquiring new players Deandre Ayton and Jake LaRavia on two-year contracts. Jesse Buss, co-owner, assistant general manager, and director of scouting, expressed optimism about the new additions and emphasized his commitment to scouting and developing future basketball talent. Meanwhile, the Lakers' ownership structure has shifted dramatically with billionaire Mark Walter purchasing the team for a record $10 billion, marking the highest valuation in professional sports history. Although Jeanie Buss remains the team's governor and will oversee day-to-day operations, reports indicate she is expected to hold this role for up to five years at most, signaling an eventual transition of control to Walter. This timeline has sparked mixed reactions among Lakers fans, with some expressing frustration at Jeanie Buss's continued presence despite the ownership change. Overall, the Lakers are poised for a new era under Walter's leadership while maintaining continuity through Buss's governance in the near term.