All Terms Settled in Lakers Sale at $12.5 Billion Valuation

Mark Walter and Josh Kushner have settled all open terms of the sale of the Los Angeles Lakers. According to ESPN, the two men met on Thursday at Walter's home in Florida to discuss the final details. The formal signing of the agreement is expected shortly.

After the signing, the contract will be submitted to the NBA for review. The league will assess the financing to be used for the purchase and the ownership structure of the franchise. It is reported that Kushner told Walter he has raised all the capital needed to complete the transaction. Kushner and former Disney CEO Bob Iger had previously agreed in principle to purchase the team.

Other results from the same night include the announcement that Chet Holmgren will be out for 8 to 10 weeks with a patella tendon injury in his right knee. The Denver Nuggets won 127 to 120, with Murray scoring 39 points and Braun adding 31. The Golden State Warriors bounced back to beat their opponent 112 to 95. Curry scored 31 and Podziemski added 21.

The Minnesota Timberwolves beat their opponent 127 to 101, with Ball scoring 24 and McDaniels 23. The Dallas Mavericks came from behind to win 116 to 111. Irving scored 35 and Flagg added 33.