The Los Angeles Lakers sold for $12.5 billion. Here’s what every NBA team is now worth

BREAKING: The Los Angeles Lakers have been sold for $12.5 billion, the largest sale of a sports franchise in history, lifting the average NBA team valuation 21% to $6.68 billion.

The Lakers just sold for twelve and a half billion dollars. The biggest franchise sale in sports history, full stop.

Mark Walter bought control at a ten billion valuation in October. He's now selling to Joshua Kushner and Bob Iger at twelve and a half. That's a two and a half billion dollar gain in under a year for owning the purple and gold, and you can see what he's selling right here, the most famous show in basketball.

And here's what makes owners across the league very happy tonight. That price is about twenty times the team's season revenue, an all-time high for the NBA, and it drags everyone else up with it. CNBC says the average team is now worth six point six eight billion, up twenty one percent overnight. The Warriors stay top at thirteen billion, and the Knicks and Bulls each jump twenty six percent without playing a single game.

One signature on one deal just repriced an entire league.

This is Sara White, reporting for HIT.