WHY JEANIE BUSS SELLING LAKERS IS DIFFERENT FROM MARK CUBAN

With Jeanie Buss’ selling of majority ownership with the Lakers, her role is expected to be different than Mark Cuban’s after Mavericks sale.

The NBA world was greeted with shocking news on Wednesday when it was announced that the Buss family would be selling their majority ownership of the Los Angeles Lakers. The Lakers’ sale was valued at $1o million and majority ownership would belong to Mark Walter, the CEO and chairman of TWG Global. But even after the Lakers’ sale, Jeanie Buss still plans to have a major role within the organization.

While Jeanie Buss will no longer hold majority ownership following the sale of the Lakers, she is expected to remain as team governor and oversee day-to-day operations, as per Ramona Shelburne of ESPN. Buss’ role with the team is supposed to differ from Mark Cuban’s role after he sold majority ownership of the Dallas Mavericks, although it’s unclear how that would be handled.

Cuban was reportedly supposed to maintain a similar role with the Mavericks, but it never happened and the team traded franchise star Luka Doncic, a move that Cuban has said he would have never done.

In the Lakers’ case, Walter had been a minority owner of the team since 2021, and reportedly Buss maintaining control of day-to-day operations was always part of a potential sale agreement. The Buss family has owned the Lakers since 1979 when Jerry Buss first purchased the franchise. Under the Buss family, the Lakers have won 11 NBA championships with the most recent coming in 2020.

With LeBron James’ potential retirement sometime on the horizon, Walter and the Lakers appear primed for the future with Doncic as the new franchise player. General manager Rob Pelinka is tasked with building a contending roster around Doncic following the team’s disappointing elimination in the opening round of the NBA Playoffs by the Minnesota Timberwolves.

Among the top items of business for the Lakers this offseason is James’ contract. The Lakers star can opt into his deal for next season, or he can opt out and sign a new contract with the team.

- David Yapkowitz

MARK VUBAN MADE 1,127% RETURN ON INVESTMENT

A reminder that Mark Cuban purchased the Dallas Mavericks for $285 million in 2000 — and 23 years later, sold a majority stake in the team for $3.5 billion.

That's an approximate 1,127% return on his investment.

NBA APPEOVES MARK CUBAN'S SALE OF MAVS' MAJORITY STAKE

NBA.com

The NBA Board of Governors approved Mark Cuban's sale of the controlling interest in the Dallas Mavericks to casino mogul Miriam Adelson and her family.

Patrick Dumont, Adelson's son-in-law and the president and CEO of Las Vegas Sands Corp., will serve as the Mavericks' governor.

The transaction is expected to close this week, according to a news release from the league on Wednesday.

According to earlier reports, Cuban is expected to maintain control of the Mavericks' basketball operations.

SANDS CASINO FAMILY SAYS THEY'LL BUY MAJORITY OF MAVS FROM CUBAN. AP SOURCES SAYS VALUATION IS $3.5B

Miriam Adelson. AP Photo 

Dallas Mavericks owner Mark Cuban has entered into an agreement to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, it was announced Wednesday. The deal could be completed in the coming weeks.

The agreement would be in the valuation range of $3.5 billion, according to a person who spoke to The Associated Press on condition of anonymity because that detail was not being made public. Cuban would retain control of basketball operations in the deal.

The company controlled by Miriam Adelson, widow of casino magnate Sheldon Adelson, announced earlier Tuesday it was selling $2 billion of her shares to buy an unspecified professional sports team. It revealed Wednesday that the team was the Mavericks.

“The families are targeting a closing of the transaction by year-end, subject to the satisfaction of customary closing conditions and approval of the NBA Board of Governors,” said the statement released by the Adelson and Dumont families.

MARK CUBAN WORKING ON $3.8B SALE OF DALLAS MAVERICKS TO SANDS CASINO FAMILY, AP SOURCE SAYS

AP Photo 

Dallas Mavericks owner Mark Cuban is working on a deal to sell a majority stake in the NBA franchise to the family that runs the Las Vegas Sands casino company, a person with knowledge of the talks said Tuesday night.

The agreement would be in the valuation range of $3.5 billion and take weeks for the league to process, according to the person, who spoke to The Associated Press on condition of anonymity because details weren't being made public.

Cuban would retain control of basketball operations in the deal. NBA reporter Marc Stein was the first to report the potential sale.

The company controlled by Miriam Adelson, widow of casino magnate Sheldon Adelson, announced earlier Tuesday it was selling $2 billion of her shares to buy an unspecified professional sports team.

Cuban said almost a year ago he was interested in partnering with Sands. He has been a proponent of legalizing gambling in Texas, an issue that didn't make it out of the state Legislature in a biennial session that ended earlier this year.

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NBA: MARK CUBAN SQUASHES BEEF WITH JASON KID

Mark Cuba has squashed his "beef" with Jason Kidd. Wishes him well with his coaching career at Brooklyn Nets.