The Buss family's four-decade run as majority owner of the Los Angeles Lakers is ending as the NBA approved the sale of the team to Mark Walter.

Lakers predicted to cut ties with Austin Reaves, pair him with 2-time NBA champion, former MVP originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.

NEW YORK – The NBA Board of Governors has unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter. The transaction is expected to close shortly.

SportsLine's model simulated Los Angeles Lakers vs. Memphis Grizzlies 10,000 times and revealed its 2025 NBA Cup picks

The NBA Board of Governors unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter on Thursday.

The NBA announced on Thursday that the board of governors unanimously approved Walter's purchase of the Lakers from the Buss family, with Ramona Shelburne of ESPN reporting that Walter closed on the sale of the team after being approved by the league.

There is reportedly a sense around the NBA that the Lakers may not be sold on Deandre Ayton as their long-term solution at the center position.

One of the more decorated college basketball players over the last quarter century is now rocking the Purple and Gold. More news: NBA Commissioner Adam Silver

At least one NBA executive believes Los Angeles Lakers guard Austin Reaves is playing his way into a major raise while LeBron James remains sidelined by injury.