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Los Angeles Lakers (LAL) Jeanie Buss Opposes Sale of Family Stake
Jeanie Buss, the governor of the Los Angeles Lakers, is opposing the sale of her family's 17.8% stake in the team. Her attorney stated that any vote suggesting a sale would be void without her consent, as she remains the controlling shareholder per a 2017 court order. The Lakers were recently valued at $12.5 billion in a separate transaction involving Mark Walter's majority stake. This move is significant as it maintains the family's overall ownership and governance structure, which could impact future valuation and investor interest in the team.
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WNBA Ratifies New CBA Increasing Average Player Salary to $583,000 By 2026
The Women's National Basketball Player's Association ratified a new collective bargaining agreement that begins this season and runs through 2032. The agreement will increase the average player salary to $583,000 in 2026 and has the potential to exceed $1 million by 2032. The maximum salary for players will rise to $1.4 million in 2026, possibly exceeding $2.4 million by 2032, dependent on WNBA financial projections. This shift in salary structure is anticipated to impact player decisions regarding off-season employment and overall league revenue dynamics.
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