Skip to content

Lakers will remain in Buss family. But now a new legacy begins.

Feb 18, 2013, 8:32 PM EDT

Los Angeles Lakers Introduce Dwight Howard Getty Images

Lakers fans have always felt uneasy talking about the reality that hit the team today — life for the organization after Jerry Buss, who passed away Monday morning.

The Hall of Fame Lakers owner was the man with the vision and plan that made the Lakers the most successful franchise in the NBA of the last 30 years. He was brilliant at marketing but he also hired people with good basketball instincts and he understood the value of stars in the NBA. Under him, the Lakers made the NBA finals 48 percent of the years since he bought the team.

Now his children take over the organization and a new legacy begins. Every title, all the success so far goes on Jerry’s side of the Lakers ledger. It’s now tabula rasa.

If one thing should be clear from what the family said Monday is should be this — the Lakers are not being sold. It is something the family said in a statement in January, said in a statement again Monday and was reiterated by a team spokesman later on Monday at a press conference. The Buss family will continue to control the franchise.

“It was our father’s often stated desire and expectation that the Lakers remain in the Buss family. The Lakers have been our lives as well and we will honor his wish and do everything in our power to continue his unparalleled legacy,” the family said in a statement.

Jerry Buss’ six children each have a stake in a complicated trust that gives them as a group a majority ownership of the franchise (believed to be about 65 percent, with AEG the next largest owner at about 30 percent). Jim, Jeanie and Johnny manage the trust. Each family member has some role in the organization.

Jim Buss has and will maintain ultimate control of the of the basketball side of the operations (something he has basically done for several years now working with Mitch Kupchak). However, on the basketball side Jerry was always the ultimate decider, now that falls to Jim. Jeanie Buss will continue to run the business side of the operation, as she has done for a decade. She has a fantastic reputation around the league with other owners.

Reports had surfaced that, at least before their father’s recent turn for the worse, Jim and Jeanie had not spoken since Jeanie’s fiancé Phil Jackson was interviewed but turned down to return as Lakers coach.

The question on everyone’s mind is “can Jim live up to his father’s legacy? Or will there be changes?” In the short term, probably not much changes. In the long term… that remains to be seen.

Jerry was a gambler, but a guy who always did his research then trusted his conclusions. Like the good poker player he was, when he took a risk it was calculated not impulsive. He stayed true to his vision.

Whether Jim Buss has both the vision and ability to pull that off remains to be seen. His test starts now.

If Jeanie and Jim work together, the Lakers could and should remain one of the most powerful franchises and brands the NBA has. However, there is the potential Shakespearian-level drama if there is a struggle for power.

And if that happens Lakers fans should be worried, because the fantastic success of the organization started with stability and vision from the top.

Latest Posts
  1. Hawks’ Thabo Sefolosha says police incident damaged his reputation

    May 29, 2015, 10:00 PM EDT

    Thabo Sefolosha AP

    Sefolosha suffered a leg fracture during a police incident that kept him from participating in the playoffs.

  2. Suns shake up their coaching staff

    May 29, 2015, 8:00 PM EDT

    Phoenix Suns v Sacramento Kings Getty Images

    Jeff Hornacek remains in charge, but there has been some shuffling among his assistants.

  3. PBT Extra: Houston Rockets face interesting off-season

    May 29, 2015, 7:01 PM EDT

    Dallas Mavericks v Houston Rockets - Game One Getty Images

    There are questions about the future of Josh Smith, Patrick Beverley and others with the team.

  4. LeBron James on how to slow Stephen Curry: “The same way you slow me down … You can’t.”

    May 29, 2015, 6:15 PM EDT

    OAKLAND, CA - FEBRUARY 12:  Stephen Curry #30 of the Golden State Warriors goes in for a layup over LeBron James #6 of the Miami Heat at ORACLE Arena on February 12, 2014 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Thearon W. Henderson/Getty Images) Getty Images

    The two most popular players in the NBA this season (with Kevin Durant out) go head-to-head on the NBA’s biggest stage.

  5. PBT Extra with NBASavant.com: Cleveland may want to cover Curry in the left corner

    May 29, 2015, 5:29 PM EDT

    Houston Rockets v Golden State Warriors - Game Five Getty Images

    Cleveland’s defense has looked better in the playoffs than it has all season, but starting next Thursday it will get the biggest test it has had all season.

  6. It’s official: Scott Skiles hired as head coach of Orlando Magic

    May 29, 2015, 4:53 PM EDT

    150523_skiles Getty Images

    Skiles is a former Magic player from 1989 through 1994.

  7. Cookin’ with the Currys, guest-starring Riley Curry (video)

    May 29, 2015, 4:30 PM EDT

    Stephen Curry Stephen Curry

    Ayesha Curry cooks, Stephen Curry tastes, and Riley Curry points out raspberry-sauce spills

  8. PBT Podcast: Talking Thibodeau/Bulls divorce; future for Rockets, Hawks

    May 29, 2015, 3:45 PM EDT

    Chicago Bulls v Cleveland Cavaliers - Game Two Getty Images

    Would hiring Thibodeau really a wise call by the Pelicans?

  9. Warriors’ Klay Thompson officially diagnosed with concussion

    May 29, 2015, 3:09 PM EDT

    Klay Thompson Klay Thompson

    The NBA needs to review this process going forward.

  10. Klay Thompson should not have been cleared to return to Game 5 after concussion evaluation

    May 29, 2015, 2:14 PM EDT

    Klay Thompson Klay Thompson

    Warriors guard passed, but not enough time had passed to determine his health

  11. Rumor: Thunder promised to draft Cameron Payne No. 14

    May 29, 2015, 12:43 PM EDT

    Cameron Payne, Reece Chamberlain AP

    Believable, but is that why it’s believed?

  12. Report: Cavaliers could activate Anderson Varejao in NBA Finals if necessary

    May 29, 2015, 12:04 PM EDT

    Chicago Bulls v Cleveland Cavaliers - Game One Getty Images

    Varejao was slated to miss the entire season with an Achilles tear

  13. Dwight Howard suspended one game after foul switcheroo

    May 29, 2015, 11:17 AM EDT

    Dwight Howard, Klay Thompson Dwight Howard, Klay Thompson

    NBA gives Rockets center a flagrant foul, rescinds technical fouls for him and Andrew Bogut

  14. Report: Magic could hire Scott Skiles as soon as today

    May 29, 2015, 10:54 AM EDT

    NEW YORK, NY - MARCH 26:  Head coach Scott Skiles of the Milwaukee Bucks looks on against the New York Knicks at Madison Square Garden on March 26, 2012 in New York City. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Chris Chambers/Getty Images) *** Local Caption *** Scott Skiles Getty Images

    Contract negotiations reportedly ongoing

  15. National Spelling Bee co-champion wore LeBron jersey under dress shirt

    May 29, 2015, 9:45 AM EDT

    Gokul Venkatachalam predicts Cavaliers in 6

Did Chicago do the right thing in firing Thibodeau?

Despite ending, Hawks had season to remember
Top 10 NBA Player Searches
  1. S. Curry (8124)
  2. K. Love (5877)
  3. K. Irving (5624)
  4. L. James (4380)
  5. K. Korver (4288)
  1. K. Bryant (3665)
  2. A. Varejao (3596)
  3. D. Howard (3573)
  4. K. Durant (3568)
  5. M. Speights (3307)