Lakers Set $12.5 Billion NBA Record as Sale Lifts Expansion Fee Outlook
Updated
Updated · Yahoo Sports · Aug 19
Lakers Set $12.5 Billion NBA Record as Sale Lifts Expansion Fee Outlook
3 articles · Updated · Yahoo Sports · Aug 19
Summary
$12.5 billion for the Lakers set a new NBA franchise benchmark, far above the previous record $6.1 billion Boston Celtics sale.
NBA owners are embracing the price because it raises comparable values across the league and strengthens the case for richer future deals.
ESPN's Ramona Shelburne said a Las Vegas expansion team could now fetch $8 billion to $9 billion, implying roughly $300 million for each of the league's 30 owners.
The valuation boost comes even as the Buss family fights over its remaining 17.8% stake, with Jeanie Buss trying to block her siblings' planned sale.