Lakers sell for $12 billion amid concerns over spending on veterans

The Los Angeles Lakers have been sold for $12 billion, highlighting significant market changes in the NBA. This sale comes as teams are hesitant to spend on older veterans due to current collective bargaining agreement (CBA) rules. Critics have pointed to the union's influence in shaping these policies. The financial climate for franchises continues to evolve, prompting discussions about the balance between profitability and team-building strategies.

• 4:49 PMYahoo Sports — "Incredible, the Lakers sell for $12B, yet teams won't …