The Buss family's four-decade run as majority owner of the Los Angeles Lakers is ending as the NBA approved the sale of the team to Mark Walter.

Lakers predicted to cut ties with Austin Reaves, pair him with 2-time NBA champion, former MVP originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.

NEW YORK – The NBA Board of Governors has unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter. The transaction is expected to close shortly.

The NBA announced on Thursday that the board of governors unanimously approved Walter's purchase of the Lakers from the Buss family, with Ramona Shelburne of ESPN reporting that Walter closed on the sale of the team after being approved by the league.

Luka Dončić was upgraded to questionable for the Los Angeles Lakers’ road game against the Memphis Grizzlies on Oct. 31.

The NBA Board of Governors unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter on Thursday. The league said the transaction is expected to close shortly. The $10 billion valuation makes it the largest sale in history for a professional sports franchise.

Following Luka Dončić's 44-point, 12-rebound, six-assist performance in their 117-112 NBA Cup group play victory over the Memphis Grizzlies on Friday night, Los Angeles' general manager Rob Pelinka may be ready to pull the trigger on a productive trade to support the 26-year-old superstar while he's still healthy.