The family is selling a majority stake for a valuation of $10 billion to Mark Walter, who had previously owned a minority stake in the team, a source told NBCLA.

The Boston Celtics were the last NBA team to be sold when they struck a deal with a group led by Bill Chisholm earlier this year. The group purchased the Celtics for $6.05 billion, which set an NBA record. Controlling ownership of both the Phoenix Suns and Dallas Mavericks were sold in recent years, too.

The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter in a deal that values the team at $10 billon, according to people with knowledge of the terms. The sale would mark a new record for NBA valuations. The Crypto.com Arena, where the Lakers play, is owned by AEG and is not included in the deal.