Amidst a nonstop deluge of trade, draft and free-agency rumors, Slop SZN delivered a true bombshell on Wednesday: The Buss family is selling majority ownership of the Lakers to minority owner Mark Walter at a record-setting $10 billion valuation.

But on Wednesday, everything changed for the Lakers. The Buss Family agreed to sell the Lakers to Mark Walter for a record-breaking $10 billion valuation. After the news of the sale came out, Walter released a statement on the matter. Walter doubled down on keeping the historic status of the Lakers ongoing.

Billionaire Mark Walter’s purchase of a majority stake in the Los Angeles Lakers, in a deal that values the team at $10 billion, adds another glittering asset to his sports portfolio and could usher in another championship era for the National Basketball League franchise.