What happened: The agreement values the franchise at $12.5 billion and remains subject to NBA approval. Mark Walter stands to gain $2.5 billion roughly a year after buying the team.
Why it matters: The valuation would set a record for a sports franchise sale. Ownership plans now turn on the league’s review of the transaction.
By the numbers: The agreed valuation is about 833 times the claimed $15 million price, a difference of $12.485 billion.
What to watch: NBA owners must approve the Kushner-Iger agreement before the sale can close.