What happened: Josh Kushner and Bob Iger's reported Lakers purchase still requires league approval. Marc Stad has reportedly completed a deal to become the Timberwolves' controlling owner by acquiring most of Marc Lore's stake, while the Clippers matter remains unresolved.

Why it matters: Formal approval determines who can exercise control and represent each franchise in league governance. A Clippers resolution could bring a third consequential decision into the same session.

What to watch: Watch for formal action on both ownership changes and any resolution involving the Clippers before the September meeting.