The NBA's most valuable franchise is officially in new hands. On Thursday, the league's board of governors unanimously approved the sale of a majority stake in the Los Angeles Lakers. Mark Walter, the CEO of Guggenheim Partners and owner of the MLB's Los Angeles Dodgers,

Mark Walter is the majority owner of the Los Angeles Lakers after the NBA Board of Governors approved his purchase of a controlling stake from the Buss family. The Lakers and the league confirmed the next step Thursday in a transaction that is expected to close shortly.

The Buss family will retain an interest in the basketball team, with Jeanie Buss continuing as its governor for at least five years post-closing

Luka Doncic put up his third 40-point game of the young NBA season in the Los Angeles Lakers' NBA Cup win over the Memphis Grizzlies.

The Los Angeles Lakers have seen some amazing streaks during their time in the NBA, but Luka Doncic is currently doing something that just one other player in t

The NBA can issue stiff penalties if cap rules are found to have been broken, but Adam Silver said the midseason festivities at Intuit Dome won't be affected.

The NBA's board of governors has formally approved the sale of the Los Angeles Lakers to billionaire Mark Walter, the league said Thursday.

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.