Russell Westbrook retires and Lakers sold to Bob Iger and Joshua Kushner

Yahoo Sports1 min read • Latest: Aug 12, 2026, 8:18 PM

Last updated Aug 12, 2026

Russell Westbrook retires and Lakers sold to Bob Iger and Joshua Kushner
Summary

Russell Westbrook has announced his retirement from the NBA after 18 seasons, marking the end of his professional playing career. Concurrently, the Los Angeles Lakers have been sold for a record $12 billion to Bob Iger and Joshua Kushner. The sale has drawn attention amidst a federal investigation into Mark Walter's finances, raising questions about the implications for the team’s current operations and future direction. Discussions among analysts indicate potential impacts on key personnel including Rob Pelinka as the organization transitions under new ownership.

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Market Watch
  • Russell Westbrook retires after 18 NBA seasons.
  • Los Angeles Lakers sold for $12 billion.
  • Federal investigation related to Mark Walter's finances ongoing.
  • Speculation around the future of Rob Pelinka and team management.
Latest Updates
  • 8:18 PMYahoo SportsRussell Westbrook retires + Lakers sold in record-breaking deal
What they're saying
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KOC reacts to Russell Westbrook’s retirement and the sale of the Lakers to Bob Iger and Joshua Kushner.

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