The sale of the Los Angeles Lakers from the Buss family to TWG Global CEO and L.A. owner Mark Walter has been announced by both parites. In addition to having been a minority owner of the team, Walter also has another Lakers connection as he has long worked with franchise legend Magic Johnson with the Dodgers.

The tone was set for Walter’s tenure. Without the restrictions of a hard salary cap, the ownership group has supported a top-five payroll every season since 2013, leading the sport in spending in seven of those seasons. The Dodgers have also not missed the postseason since 2012. This is not a coincidence.

The Los Angeles Lakers recently shook things up when they were sold to Mark Walter, who is also the owner of the Los Angeles Dodgers. The move ends the longtime ownership of the Lakers by the Buss family, although Jeanie Buss will still have considerable influence within the organization.