The Lakers are the biggest brand in the NBA, and the reported price of the deal is a record $10 billion. They have won a total of 17 championships, with 11 coming since the Buss family took over. NBA legend Magic Johnson was a member of five of those championships, and he's excited about this massive transaction.

"Laker fans should be estatic [sic]," he wrote. "A few things I can tell you about Mark - he is driven by winning, excellence, and doing everything the right way. AND he will put

Magic Johnson hails the $10B sale of the Lakers to Mark Walter, calling it a win for fans and praising Jeanie Buss for the historic deal.