""We are extremely honored to have been part of this organization for the last 20 seasons," Joey and Jesse Buss told ESPN in a statement. "Thank you to Laker Nation for embracing our family every step of the way. We wish things could be different with the way our time ended with the team. At times like this, we wish we could ask our Dad what he would think about it all.""
"Jerry Buss, who died in 2013, purchased the Lakers from Jack Kent Cooke in 1979 in a $67.5 million transaction that also included the Los Angeles Kings and the Forum. The Buss family sold their majority ownership of the Lakers to Mark Walter in June. That sale, at a $10 billion valuation, was approved by the NBA Board of Governors last month."
The Los Angeles Lakers reorganized their basketball operations department and dismissed executives Joey and Jesse Buss from front office roles effective immediately. Joey and Jesse Buss had served in key scouting positions for the past decade and helped identify players including Austin Reaves, Kyle Kuzma, Jordan Clarkson, Larry Nance Jr., and Max Christie. The brothers said they were honored to be part of the organization for 20 seasons, thanked Laker Nation for embracing their family, and expressed regret about how their tenure ended while retaining minority ownership shares. The Buss family sold majority ownership to Mark Walter in a June transaction valued at $10 billion, approved by the NBA Board of Governors.
Read at ESPN.com
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