Luka Doncic reaches 3-year, $165M extension with Lakers - ESPN
Los Angeles Lakers star Luka Doncic has agreed to a three-year, $165 million maximum contract extension, with a player option in 2028, agent Bill Duffy of WME Basketball told ESPN.
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Los Angeles Lakers star Luka Doncic has agreed to a three-year, $165 million maximum contract extension, with a player option in 2028, agent Bill Duffy of WME Basketball told ESPN.
The Los Angeles Lakers were sold to Los Angeles Dodgers owner Mark Walter for $10 billion. Colin Cowherd loves this transaction and discusses how Walter can impact the Lakers.
SILVERSTONE, England :Cadillac principal Graeme Lowdon says Formula One's newest team have limitless ambition, and plenty of funds, but every expectation of being last when they debut next season.
The Buss family have agreed to sell a majority stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, the two parties confirmed on Wednesday, while adding that Jeanie Buss will remain governor of the storied NBA franchise.
Businessman Mark Walter's acquisition of the majority ownership stake of the Los Angeles Lakers, in a deal that puts the franchise valuation at $10 billion, is expected to close in the third or fourth quarter of this year.
It's not every day that an NBA team is sold. And, prior to Wednesday afternoon, no NBA team had ever been sold for $10 billion — or anywhere close to it.
LOS ANGELES :Billionaire Mark Walter's purchase of a majority stake in the Los Angeles Lakers, in a deal that values the team at $10 billion, adds another glittering asset to his sports portfolio and could usher in another championship era for the National Basketball League franchise.
The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise.