The Lakers are the biggest brand in the NBA, and the reported price of the deal is a record $10 billion. They have won a total of 17 championships, with 11 coming since the Buss family took over. NBA legend Magic Johnson was a member of five of those championships, and he's excited about this massive transaction.

Few people in NBA history understand what it takes to make the Los Angeles Lakers successful better than Magic Johnson, and the legendary former point guard is "ecstatic" about the reported sale to Mark Walter.

Magic Johnson may be a part-owner of the Washington Commanders, but is still thrilled with his old team in the NBA.