While they are not playing in the NBA Finals, the Lakers nonetheless made seismic news with the announcement that Dodgers owner Mark Walter has entered into an agreement to purchase majority ownership of the Lakers,

The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children.

The Lakers are one of the most storied franchises in National Basketball Association history. The team was valued at $7.1 billion by Forbes last year.