According to a report, the sale of the Lakers to Mark Walter could make it more likely that Luka Doncic will sign a contract extension with the team.

According to Shams Charania of ESPN, the Buss family is entering an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter for $10 billion. Jeanie Buss, though, will continue to serve in her role as Governor after the sale.

The decision to sell a controlling stake in the Lakers marks the end of nearly a half-century when one of the most valuable properties in sports was run by the Buss family.

The Buss family, architects of 11 NBA championships, is poised to relinquish their four-decade reign over the LA Lakers, with ESPN reporting they are entering an agreement to sell a majority stake in basketball's most glamorous franchise.

This is the real takeaway from the sale. The days of an NBA team as a family-run operation — especially where the team is the primary source of income, as it was for the Buss children — are gone. Big-time professional sports are now an investment for the ultra-wealthy.