BREAKING: Shams: The Buss Family Has Agreed to Sell Majority Ownership of the Los Angeles Lakers for $10 Billion

[Castle Black]

This doesn't sound like a guy who's leaving in Free Agency next Summer.

Read on Twitter

[Broadcaster]

I wonder how much having Luka on your team increases team value by?

My first thought.

[The Servant]

Money has held them back all the time. Losing coaches like Ty Lue cause the price was too high, historically small front office with low number of support staff like nutritionists and analytics, woefully inadequate community outreach and fan experience compared to the clippers. Just a mom and pop operation competing against large corporations.

I have defended Jeanie many times but I don't know if I will ever forgive her for letting Caruso walk because she doesn't want to pay more luxury taxes.

They chose Talen Horton Tucker over Caruso because he was younger. Terrible decision obviously. Zubac trade was another terrible deal.

Letting Caruso go after that chip was insanity to me. We know who he is now, but he was every bit as tenacious and explosive back then. He was affordable as well.

[JellosJigglin]

I wonder how much having Luka on your team increases team value by?

My first thought.

The Laker brand has been elite status for decades. Even Luka doesn't move the needle for the Lakers like that. The only thing it may have affected was the timing for the Buss family to sell so the new owners can build around him how they see fit. That's it. He doesn't effect their value in the slightest. I remember people talking about the Lakers being worth $10 billion even when Dr. Buss was alive.

[tamaraw08]

Money has held them back all the time. Losing coaches like Ty Lue cause the price was too high, historically small front office with low number of support staff like nutritionists and analytics, woefully inadequate community outreach and fan experience compared to the clippers. Just a mom and pop operation competing against large corporations.

I have defended Jeanie many times but I don't know if I will ever forgive her for letting Caruso walk because she doesn't want to pay more luxury taxes.

They chose Talen Horton Tucker over Caruso because he was younger. Terrible decision obviously. Zubac trade was another terrible deal.

But they didn't have to choose and could have resigned BOTH THT and Caruso Jeanie just ordered Rob to simply pick one because she was so worried of depleting her earnings because of the luxury bill they have to pay.
The Zubac deal was also because Magic was so fixated with "playmakers" like Lance Stephenson resulting to very poor spacing. They then had a knee jerk reaction by trading for Muscala who had a good 3pt% back then AND Reggie Bullock.

[ChumboChappati]

Lakers are getting competent ownership, not good for the other 29 franchises

you are including Celtics in that list? they have opened their wallets for the team, spent money like crazy, and won the championship; what else do you want from them?

[dockingsched]

Lakers are getting competent ownership, not good for the other 29 franchises

you are including Celtics in that list? they have opened their wallets for the team, spent money like crazy, and won the championship; what else do you want from them?

He didn’t say other teams have incompetent owners lol, he just said a better Lakers ownership isn’t good for them.

[floppymoose]

There are formulas for how to evaluate businesses where you calculate the income over a specific time frame. I don't see how you get there with an NBA team. Remember that the Lakers retained neither Caruso nor BroLo because the Buss family was feeling economic pain.

It wasn't "economic pain". It was wins per dollar. The current lux tax rules are designed to spread the talent around the league by making it more expensive to retain too much talent than it's worth, in revenues. It would be more correctly phrased "profit maximization" than "economic pain". None of these owners are feeling pain. People losing Medicaid are feeling pain.

This isn't a situation where you can come in and dramatically cut costs. There's a salary floor and an expectation among the fan base that you'll be willing to spend. This isn't a merger where you can expect synergies and lower costs from the elimination of redundancies. This is a growth or meme stock purchase where it's almost impossible for the company to grow enough to justify the purchase price.

The player salaries are a fixed slice of the pie. If they become higher, that's GOOD news. It mean the cap was raised, with means you have more revenue, and only 50% of that additional rev is going to players. Half the new revenue is going to Walker.

The real issue to me is that if you have 10B to invest you should be able to get 6%. That's 600 million a year. I doubt that LAL can generate 600M a year in profits for Walker. Maybe he knows something I don't.

[LakersSoul]

This doesn't sound like a guy who's leaving in Free Agency next Summer.

Read on Twitter

Nope and looking fit as ever!

New owners are gonna build around him for the next decade, hopefully wisely, and not go the way of Phoenix Suns.

Add draft picks, add youth to surround our stars.

[Shock Defeat]

But I'm not sure you also noticed the other moves that the Dodgers made aside from just acquiring superstars.,
They found guys like Chis Taylor, Max Muncy, Will Smith, Tommy Edman etc etc etc.
These guys have really blossomed and became key contributors right after the Dodgers acquired them and you have to ask yourself what do the Front office have that they saw something that 29 others teams didn't notice.

More people noticed the Freeman, Betts and Ohtani additions who really put them over the top.

Also don't forget that they drafted and developed players like Seager, Bellinger, Buehler then found ways to replace them with better players.
Will Smith is still there thriving.
BTW, very few are probably not aware that Ohtani is deferring his salary to allow the Dodgers to spend even more $ for better players.
I'm sure there are more restrictions in the NBA but this group will hire the best/most expensive geeks to find loopholes just like the Knicks did so they can acquire better free agents.
Dodgers advanced scouting and player development are just tiers above their competitors and I can see them supplying Pelinka with the smartest nerds using Super Computers etc.

This is where having owners willing to spend matters beyond just getting free agents. They also spend way more on scouting and front office. The dodgers have a huge competitive advantage because they are richer

[floppymoose]

i dont have all the details on this transaction yet, but Walker already had 26% ownership. And after this, Buss fam retains 15% ownership. The 10B number is the total team valuation at the sale price, but Walker can be buy *at most* 59% right now, so we are really talking aboot 5.9B at most changing hands.

[levon]

i dont have all the details on this transaction yet, but Walker already had 26% ownership. And after this, Buss fam retains 15% ownership. The 10B number is the total team valuation at the sale price, but Walker can be buy *at most* 59% right now, so we are really talking aboot 5.9B at most changing hands.

Lakers generated 528m in revenue last year, so that multiple is interesting.

[The Laker Kid]

The real question is what happens to LeGM and Bronny

LeGM will be summoned to the HR office and handed his last paycheck. Bronny becomes Luka's Uber driver.

I hate the Lakers with a passion but it would be nice to see them run like a real NBA team and not the Kardashians. Hopefully we get to meet in the NBA finals one day and whoop the Lakers ass.

Raptors not sucking every year would help.

[AmusingFiddle]

Lakers will finally hire qualified people and invest heavily in areas that will improve management of the team and recrutiment/training/development of players.

We as fans were tired and some of us even embarrassed with nepotism and hiring of friends and family in key positions.

Sent from my SM-S938U1 using RealGM mobile app

[tamaraw08]

There are formulas for how to evaluate businesses where you calculate the income over a specific time frame. I don't see how you get there with an NBA team. Remember that the Lakers retained neither Caruso nor BroLo because the Buss family was feeling economic pain.

It wasn't "economic pain". It was wins per dollar. The current lux tax rules are designed to spread the talent around the league by making it more expensive to retain too much talent than it's worth, in revenues. It would be more correctly phrased "profit maximization" than "economic pain". None of these owners are feeling pain. People losing Medicaid are feeling pain.

This isn't a situation where you can come in and dramatically cut costs. There's a salary floor and an expectation among the fan base that you'll be willing to spend. This isn't a merger where you can expect synergies and lower costs from the elimination of redundancies. This is a growth or meme stock purchase where it's almost impossible for the company to grow enough to justify the purchase price.

The player salaries are a fixed slice of the pie. If they become higher, that's GOOD news. It mean the cap was raised, with means you have more revenue, and only 50% of that additional rev is going to players. Half the new revenue is going to Walker.

The real issue to me is that if you have 10B to invest you should be able to get 6%. That's 600 million a year. I doubt that LAL can generate 600M a year in profits for Walker. Maybe he knows something I don't.

These billionaires are a lot smarter than us that I will not be shocked if we pay more taxes than them.
I know Ballmer is a lot richer than Walter but does Steve really care about having to reach a certain yearly revenue with the Clippers?
Maybe Walter would schedule Laker games in Dodger Stadium, fill up 60,000 fans and charging $50 for those bleacher sections?

[tamaraw08]

More people noticed the Freeman, Betts and Ohtani additions who really put them over the top.

Also don't forget that they drafted and developed players like Seager, Bellinger, Buehler then found ways to replace them with better players.
Will Smith is still there thriving.
BTW, very few are probably not aware that Ohtani is deferring his salary to allow the Dodgers to spend even more $ for better players.
I'm sure there are more restrictions in the NBA but this group will hire the best/most expensive geeks to find loopholes just like the Knicks did so they can acquire better free agents.
Dodgers advanced scouting and player development are just tiers above their competitors and I can see them supplying Pelinka with the smartest nerds using Super Computers etc.

This is where having owners willing to spend matters beyond just getting free agents. They also spend way more on scouting and front office. The dodgers have a huge competitive advantage because they are richer

Mark Cuban proudly revealed when he first bought the Mavericks that he invested $ to make his players feel that they would never want to leave his team, things like Egyptian cotton towels, huge screens for their individual lockers with comfy seats etc.
Warriors also invested and hired the best nutritionists and even signed the best yoga instructors to help prevent injuries etc.
Compare them to bad owners like the ones who used to owned the Warriors back in 1996 when one of my favorite player Mark Price joined them.
I was so confused why a team with Sprewell, Mullin, Armstrong, Joe Smith coached by a very good Rick Adelman would lose 50 games.
Then I read how miserable the players were with their very poorly managed team, spending 1 hour bus ride to a run down facility with cheap soap in the shower etc.

[RaptorPride]

LeGM will be summoned to the HR office and handed his last paycheck. Bronny becomes Luka's Uber driver.

I hate the Lakers with a passion but it would be nice to see them run like a real NBA team and not the Kardashians. Hopefully we get to meet in the NBA finals one day and whoop the Lakers ass.

Raptors not sucking every year would help.

From 2015 to 2020 Raptors were undefaced against the Lakers. We been slacking since 2021 but don't worry we will be back.

[MVP1992]

.

[LAvision]

Also don't forget that they drafted and developed players like Seager, Bellinger, Buehler then found ways to replace them with better players.
Will Smith is still there thriving.
BTW, very few are probably not aware that Ohtani is deferring his salary to allow the Dodgers to spend even more $ for better players.
I'm sure there are more restrictions in the NBA but this group will hire the best/most expensive geeks to find loopholes just like the Knicks did so they can acquire better free agents.
Dodgers advanced scouting and player development are just tiers above their competitors and I can see them supplying Pelinka with the smartest nerds using Super Computers etc.

This is where having owners willing to spend matters beyond just getting free agents. They also spend way more on scouting and front office. The dodgers have a huge competitive advantage because they are richer

Mark Cuban proudly revealed when he first bought the Mavericks that he invested $ to make his players feel that they would never want to leave his team, things like Egyptian cotton towels, huge screens for their individual lockers with comfy seats etc.
Warriors also invested and hired the best nutritionists and even signed the best yoga instructors to help prevent injuries etc.
Compare them to bad owners like the ones who used to owned the Warriors back in 1996 when one of my favorite player Mark Price joined them.
I was so confused why a team with Sprewell, Mullin, Armstrong, Joe Smith coached by a very good Rick Adelman would lose 50 games.
Then I read how miserable the players were with their very poorly managed team, spending 1 hour bus ride to a run down facility with cheap soap in the shower etc.

From espn article:

Instances of the Lakers' miserly traits are wide-ranging.

• An assistant coach was not approved to stay at the same hotel as the player he was traveling to work out with in the offseason because the room was too expensive.

• Former assistant GM Ronnie Lester's contract was not renewed during the NBA lockout in 2011, a financial decision and one of many in a rash of layoffs or nonrenewals.

• The team applied for federal relief through the Small Business Administration's Paycheck Protection Program during the COVID-19 hiatus. After considerable backlash, they later returned the $4.6 million to the government.

• They were the only NBA team without a representative at the Sloan Analytics Conference in 2013 because they didn't have much of an analytics department to speak of. While the team has committed more resources recently at the behest of coach JJ Redick, it was an area the Lakers had long lagged behind compared to the rest of the league.

Jfc

[tamaraw08]

This is where having owners willing to spend matters beyond just getting free agents. They also spend way more on scouting and front office. The dodgers have a huge competitive advantage because they are richer

Mark Cuban proudly revealed when he first bought the Mavericks that he invested $ to make his players feel that they would never want to leave his team, things like Egyptian cotton towels, huge screens for their individual lockers with comfy seats etc.
Warriors also invested and hired the best nutritionists and even signed the best yoga instructors to help prevent injuries etc.
Compare them to bad owners like the ones who used to owned the Warriors back in 1996 when one of my favorite player Mark Price joined them.
I was so confused why a team with Sprewell, Mullin, Armstrong, Joe Smith coached by a very good Rick Adelman would lose 50 games.
Then I read how miserable the players were with their very poorly managed team, spending 1 hour bus ride to a run down facility with cheap soap in the shower etc.

From espn article:

Instances of the Lakers' miserly traits are wide-ranging.

• An assistant coach was not approved to stay at the same hotel as the player he was traveling to work out with in the offseason because the room was too expensive.

• Former assistant GM Ronnie Lester's contract was not renewed during the NBA lockout in 2011, a financial decision and one of many in a rash of layoffs or nonrenewals.

• The team applied for federal relief through the Small Business Administration's Paycheck Protection Program during the COVID-19 hiatus. After considerable backlash, they later returned the $4.6 million to the government.

• They were the only NBA team without a representative at the Sloan Analytics Conference in 2013 because they didn't have much of an analytics department to speak of. While the team has committed more resources recently at the behest of coach JJ Redick, it was an area the Lakers had long lagged behind compared to the rest of the league.

Jfc

wow, thanks for sharing.
When the Lakers just hired the rookie Darvin Ham, I assumed the Pelinka would stick to the formula of acquiring the best available veteran coaches to assist him, Ramona Shellburne revealed that Rob wanted to sign Scott Brooks but the former OKC coach chose Portland because the Lakers offer was HALF of what the Blazers were willing to pay.