Buss Family To Sell Lakers To Mark Walter For Record-Setting Price
4:11 pm: Walter has agreed to buy the Lakers at a valuation of approximately $10 billion, the largest sum ever for a professional sports team, Charania reports (via Twitter).
3:52 pm: The Buss family has reached an agreement to sell its majority stake in the Lakers to Mark Walter, sources tell Shams Charania of ESPN (Twitter link).
Walter, 65, is the CEO of Guggenheim Partners, a global investment firm, and co-CEO and chairman of TWG Global, a diversified holding company.
Walter, who also owns the Los Angeles Dodgers (MLB) and Los Angeles Sparks (WNBA), among sports investments, is currently a minority owner of the Lakers, having purchased a 27% stake in 2021 alongside Todd Boehly.
According to Charania, current governor Jeanie Buss will continue to serve in that role after the sale is finalized.
As Ramona Shelburne of ESPN tweets, Walter earned the right of first refusal to purchase majority control of the Lakers in 2021 when he bought his minority stake. The Buss family owns about 66% of the team, per Shelburne.
Longtime owner Jerry Buss purchased the Lakers for $67.5MM back in 1979, according to Charania, who notes (via Twitter) that his children inherited majority control when Buss passed away in 2013.
ESPN’s Tim Bontemps believes the Lakers’ sale price will exceed the Celtics’ record-breaking valuation of $6.1 billion (Twitter link). Boston’s new ownership group is expected to be approved sometime in June or July.
Grizzlies Reportedly Not Pursuing Kevin Durant
Forbes contributor Evan Sidery reported this afternoon (via Twitter) that the Grizzlies had reemerged as a suitor for Suns star Kevin Durant after the team made a run at the 36-year-old forward prior to February’s deadline.
However, Damichael Cole of The Memphis Commercial Appeal — a Grizzlies beat reporter — has heard differently (Twitter link). Citing league sources, Cole writes that while the Grizzlies contemplated making an offer for Durant during the season, they are not currently interested in the 15-time All-Star and do not intend to pursue him this offseason.
Jake Fischer of The Stein Line (Substack link) reported something similar to Cole a couple days ago, saying he didn’t expect the Grizzlies to get involved in the Durant chase, even though they have a fresh collection of draft assets from Sunday’s Desmond Bane trade. Memphis was reluctant to pursue Jimmy Butler before the deadline because of fears that he wouldn’t sign an extension, Fischer noted, and Durant is probably viewed the same way.
While the team may not pursue Durant, rival teams are curious about which players general manager Zach Kleiman will target with the first-round picks Memphis acquired in the Bane deal, according to Fischer, who says creating the cap room necessary to renegotiate and extend Jaren Jackson Jr. is still a “priority” for the Grizzlies.
Michael Scotto of HoopsHype confirms that signing Jackson to a new deal remains important to the Grizzlies. Wing John Konchar, who will make $12.33MM over the next two seasons, is viewed as a candidate to be traded in a salary-dump move to create more cap flexibility, league sources tell Scotto.
One of the selections Memphis acquired for Bane was No. 16 overall in next week’s draft. Cole lists five “defensive-minded wings” the Grizzlies might target if they keep that pick, including Noa Essengue (Ratiopharm Ulm), Cedric Coward (Washington State), and Nique Clifford (Colorado State).
Hawks Hire Executives Bryson Graham, Peter Dinwiddie
The Hawks have officially made two additions to their front office, the team confirmed today in a press release.
Former Pelicans general manager Bryson Graham has been hired as senior vice president of basketball operations, while former Pacers and 76ers executive Peter Dinwiddie will be the new senior VP of strategy and analytics. The news was first reported on June 9 by ESPN.
Both Graham and Dinwiddie will reportedly work under Onsi Saleh, who was promoted to GM in April after Landry Fields was fired.
“We are fortunate to be able to add Bryson and Peter to our leadership team,” Saleh said. “Bryson is widely regarded as one of the league’s top young talent evaluators and Peter is one of the most strategic minds in the NBA. Ownership has empowered me to build a robust and dynamic front office, and adding two extremely talented, experienced and respected executives in Bryson and Peter is a home run for our group.”
Graham, a former intern who steadily worked his way up the Pelicans’ front office over the past 15 years, has been credited with identifying talented young players such as Trey Murphy, Herbert Jones, Yves Missi, Jose Alvarado, Naji Marshall and Jordan Hawkins.
He also was on the staff that drafted Dyson Daniels, who captured Most Improved Player honors with Atlanta this season after being traded from New Orleans last summer. The Hawks control the 13th and 22nd picks in next week’s draft.
As for Dinwiddie, he spent 14 seasons with his hometown Pacers, most recently as senior VP of basketball operations, prior to joining Philadelphia’s front office in 2020. For the past five years, he has been the Sixers’ executive VP of basketball operations.
Central Notes: Williams, Cavs, Pistons, Giannis, Bucks, Cavs
The Cavaliers have hired Jawad Williams as an assistant coach on Kenny Atkinson‘s staff, according to Chris Fedor of Cleveland.com. Cleveland’s interest in Williams was reported earlier this week.
Williams has been an assistant and director of player development with the Kings for two seasons. The Cavaliers need to retool their staff after the departures of Bryan Tibaldi (Providence College), DeMarre Carroll (Suns), Chris Darnell (Kings) and Jordan Ott — the Suns’ new head coach.
We have more from the Central Division:
- The Pistons‘ biggest need appears to be a stretch four. Should they pursue Naz Reid or Bobby Portis if they become free agents, as expected? It’s a tricky call, says Omari Sankofa II of the Detroit Free Press. They could offer the $14.1MM non-taxpayer mid-level exception, but that may not be enough to attract either player’s attention. The only way the Pistons could offer more would be to renounce their rights to key free agents like Malik Beasley, Tim Hardaway Jr., and Dennis Schröder.
- ESPN’s NBA Insiders take a hard look at the Bucks‘ dilemma regarding Giannis Antetokounmpo. They explore three trade packages that could help the Bucks continue to build around their superstar. The ESPN crew also explores five potential packages they could receive from suitors such as the Rockets, Raptors, Pistons, Warriors and Spurs if Giannis asks out.
- The Bucks don’t have a first-round selection in next week’s draft. The Athletic’s Eric Nehm takes a look at some of the players they target with the second-rounder they possess (No. 47 overall).
- Within his Cavaliers offseason preview, Spotrac contributor Keith Smith says he believes they should be willing to pay a big tax bill and run it back with the same core group, while listening to offers for Jarrett Allen. He notes that Cleveland is good enough to make a deeper playoff run next season with better health luck.
Warriors Notes: Curry, Wilson, Kerr, Offseason Outlook
Dell Curry, father of Stephen Curry, has good news for Warriors fans — his son is not even considering retirement.
“He still loves the game,” Dell Curry told DJ Siddiqi of RG.org. “He’s a competitive guy. He wants to win another title, so we’re not even close to that window yet. But when the time comes, I think he’ll make the right decision.”
Stephen Curry is signed through the 2026/27 season, when he’ll be 39. His father believes he can go even longer than that.
“Absolutely, just because he can shoot the basketball, and he’s going to require attention,” Dell Curry said. “Even if you put him in the corner at 40, 41 years old, you have to guard him. That means that he’s creating space for other guys around him. If you can shoot the basketball, there’s a team that can use you in today’s NBA. But if you’re Steph Curry, I think you’re going to be able to play until you say, ‘I’m done.’”
We have more on the Warriors:
- They are promoting head video coordinator, Lainn Wilson, as the new head coach of their NBA G League affiliate in Santa Cruz, Marc Stein tweets. Nick Kerr, son of head coach Steve Kerr, has coached Santa Cruz the last two seasons. He’ll be returning to the Warriors’ NBA coaching staff, according to Stein.
- In his preview of the Warriors’ offseason, Spotrac contributor Keith Smith says they’ve already made their big splash by acquiring Jimmy Butler during the season and signing him to an extension. The front office’s focus should be to find enough depth to complement the veteran-led group, according to Smith, who adds that the team could use an established backup ball-handler and more frontcourt depth, particularly if Jonathan Kuminga isn’t retained.
- Regarding that latter point, the Bulls and Heat have been linked to Kuminga as potential sign-and-trade partners. Get the details here.
Carlisle: Haliburton Likely ‘Game-Time Decision’ For Game 6
11:44am: Haliburton confirmed after Wednesday’s light practice that he has a calf strain but he’s hopeful he can play in Game 6, Spears tweets.
“I’m a competitor. I want to play. I’m going to do everything in my power to play,” Haliburton said.
11:01 am: With his team’s season on the brink, Pacers head coach Rick Carlisle anticipates that Tyrese Haliburton will be a “game-time decision” for Game 6 of the NBA Finals on Thursday night, Dustin Dopirak of the Indianapolis Star relays.
Carlisle commented on Haliburton’s status during a Wednesday morning radio interview on 107.5 The Fan.
“He is going to be carefully evaluated over the next 36 hours and will likely be listed as questionable on the injury report and probably will be a game-time decision for Game 6,” Carlisle said. “Everything is on the table.”
Haliburton did not make a field goal in Indiana’s Game 5 loss to Oklahoma City as the Thunder grabbed a 3-2 lead in the series. Game 6 will be played in Indianapolis. The star guard reportedly underwent an MRI on Tuesday due to an injury believed to be a right calf strain.
“We have to prepare for two scenarios: one where he plays and one where he does not,” Carlisle said.
Carlisle said rotation changes could be coming, regardless of Haliburton’s status. Indiana has lost the last two games of the series.
“Everything is on the table,” Carlisle said. “… It’s pretty simple. Tomorrow night our task is to take care of home court – which is what they did in Game 5 – and get to an ultimate game, which is Game 7. That’s the task in front of us. We have to figure out exactly what tools are in front of us as a team and we have to consider everything. Minute count, throwing that out the window is easy to say, but if you have guys out there that are more fatigued than they should be, that’s not good and against this team, that’s very difficult.”
Center Myles Turner remains defiant that the Pacers can win the next two games, as he told Andscape’s Marc J. Spears. Turner declared, “It’s not over” shortly after the Game 5 loss.
“Our fans have been anticipating this for such a long time,” Turner said. “They’ve been antsy. The biggest thing is to show up for Game 6. They’ll be behind us and be as loud as they were here [in Oklahoma City]. For someone in my position, you never know when you can get this opportunity again. This is the youngest, healthiest and most spry I will ever be. For me, I just got to give it all that I’ve got. Back against the wall. Empty the tank.”
2025 NBA Free Agent Preview: Centers
After previewing the free agent point guards, shooting guards, small forwards, and power forwards, we're shifting our focus today to the big men.
None of this year's free agent centers are likely to make an All-Star team anytime soon, but given that the market won't be flush with high-level FAs at any position this offseason, that's not a surprise. There are still some intriguing options here for teams in the market for a starting-caliber big man or a high-level backup, even after Steven Adams signed a contract extension over the weekend to remain in Houston.
Let's take a closer look at this summer's free agent centers, as we wrap up our breakdown of the 2025 free agent class by position.
City Council Approves Agreements To Keep Thunder In OKC
The Oklahoma City Council approved a series of agreements during its Tuesday meeting aimed at keeping the Thunder in Oklahoma City through at least 2053, Jordan Gerard and Steve Lackmeyer of The Oklahoman report.
The agreements regarding the Thunder’s new arena, the $1 billion Paycom Center, will give the team’s owners an option to buy and develop the current arena property while also setting terms for food and beverage operations, parking, naming rights and multiple other aspects of game days and concert events.
The new Paycom Center is slated to open in 2028. The current Paycom Center opened in 2002.
The 25-year agreement includes the option of five three-year additional renewals for the team. The city’s mayor, David Holt, tweeted out that “we have officially secured our Thunder in Oklahoma City till at least 2053.”
That’s not entirely true but the Thunder would have to pay a major penalty to leave the city before that date.
If the team leaves Oklahoma City in the first five years after moving into the new Paycom Center, the agreements would require the Thunder to pay the city $1 billion. If the team leaves in years six-to-10 after the move, they will pay the city $850MM. The scale continues for 25 years.
The Thunder will initially pay the city $58K per game to use the building with annual increases. The team will retain control of the building’s naming rights.
A provision in the agreements that would allow the Thunder to buy and develop the current arena site. Team spokesman Dan Mahoney confirmed the team is interested in development of the property.
“We’re excited at the opportunity to purchase and develop the current arena site,” Mahoney said. “It will enable the Thunder to provide the vision for a sustainable and vibrant concept to enhance the area and seamlessly complement the new Paycom Center.”
Athleticwear for the Modern Athlete (Sponsored)
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Bulls Have Likely Given Extensions To Karnisovas, Eversley
The Bulls apparently won’t be making any major front office moves.
Executive vice president of basketball operations Arturas Karnisovas and general manager Marc Eversley are believed to have signed contract extensions, according to Joe Cowley of the Chicago Sun-Times.
Cowley notes that Bulls chairman Jerry Reinsdorf never makes front office extensions public but a source told the Sun-Times beat writer that the front office duo needed to be extended first before a new agreement could be reached with coach Billy Donovan.
Drew Stevens of The Bigs (Bluesky link) first broke the news of the extensions for Karnisovas and Eversley.
Karnisovas commented shortly after the regular season that he felt his job was safe due to his strong relationships with both Jerry Reinsdorf and Michael Reinsdorf.
“We take pride, especially in this building, in everybody being on the same page,” Karnisovas said. “It’s very hard to accomplish, but that’s how it is in this building between the ownership, front office, coaching staff, performance staff, so they have always been very supportive of my decisions, my thoughts, about this direction.”
Marc Stein reported on Sunday that the Bulls and Donovan were working on an extension. According to Cowley, the Bulls are close to finalizing that deal and have been in discussions with the head coach since the season ended.
The Knicks were denied permission to speak with Donovan regarding their head coaching position but that had no impact on the Donovan extension talks, according to Cowley, who hears from multiple sources that Donovan had no interest in leaving the Bulls, “especially for the Knicks position under the current regime.” Donovan values the way the Bulls front office operates, as Karnisovas listens to his input on team matters and roster decisions. That likely would not have been the case in New York.
This will be the second time the Bulls have extended Donovan, who has one year left on his current deal.