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.

Magic Johnson responds as Jeanie Buss agrees to sell the Lakers to his business partner, the co-owner of the LA Dodgers, Mark Walter.