Josh Kushner, Bob Iger Eyed Legacy NBA Franchise Ahead Of Las Vegas Bid Deadline

Josh Kushner and Bog Iger shifted away from their pursuit of a Las Vegas NBA expansion team to strike a $12.5 billion deal for the Los Angeles Lakers. The agreement with Mark Walter came together over 72 hours in August. The NBA initially projected the Las Vegas franchise would sell for $6-8 billion, according to industry and ownership sources. Bids soon approached the then-record $10 billion valuation of Walter's Lakers purchase. The winning group would also likely need to spend at least $2 bi...