Jeanie Buss will be in charge of the Los Angeles Lakers for "the foreseeable future" despite the family selling the franchise to businessman Mark Walter for $10 billion. The agreement, which led to one of the biggest purchases in sports history, was reported by ESPN's Shams Charania on June 18.

The Los Angeles Lakers are rebounding into new leadership. In one of the biggest deals in sports, the owners of the Lakers—the Buss family—have agreed to sell majority ownership of the team to Mark Walter for the whopping price of $10 billion, according to NBC News.

The Buss family, meanwhile, will collect more than $5 billion in cash for selling 51% equity of the Lakers to Walter, who already owns 20% of the team. The family will retain 16% of the franchise.