ESPN's Shams Charania reports that Mark Walter, who owns stakes in the Dodgers and Sparks, will acquire a majority stake in the legendary franchise.

The family is selling a majority stake for a valuation of $10 billion to Mark Walter, who had previously owned a minority stake in the team, a source told NBCLA.

The Buss family has agreed to sell the controlling stake of the Los Angeles Lakers to TWG Global CEO Mark Walter, doing so with a franchise valuation of $10 billion — the most ever for a professional sports franchise, a person with knowledge of the agreement said Wednesday.

Here are the top five biggest sales in sports team history, including the historic $10 billion for the Los Angeles Lakers.

The Lakers have been sold for a staggering $10 billion fee. It's a North American sports franchise record. Here are others that sold for big money.

The Los Angeles Lakers are being sold, and the price will be record-breaking. Jeanie Buss and her family are selling the team to Mark Walter, the CEO and chairman of TWG Global. According to ESPN NBA insider Shams Charania,

Austin Reaves' name has been mentioned in trade rumors of late, but the Los Angeles Lakers guard isn't particularly interested in a change of scenery.

One potential avenue to freeing up finances or acquiring another big piece to the puzzle could be trading Austin Reaves. Already, there have been numerous rumors surrounding Reaves. Could he actually be moved during the upcoming offseason?

Sometimes, a spark lights a fire even when no one expects it to. The post Austin Reaves Admits Lakers Must Make a Trade After Giving Major Update on Dalton Knecht appeared first on EssentiallySports.