Jeanie Buss Rumors | Hoops Rumors

Latest On Lakers’ Buss Family Legal Battle

March 27th, 2017 at 1:52pm CST by Luke Adams

Less than a month after reports indicated that Jeanie Buss had thwarted an attempt by her brothers to take over control of the Lakers, the team’s controlling owner won another victory that will ensure he holds her position atop the franchise’s hierarchy.

As Nathan Fenno of The Los Angeles Times reports, Jeanie Buss and her brothers, Jim and Johnny, have agreed for Jeanie to serve as the club’s controlling owner and head of the board of directors as long as the family owns the Lakers. As part of a legal agreement, Jim Buss – who had been involved in Lakers roster decisions up until he was displaced from that role last month – has agreed to resign as a co-trustee for the four trusts through which the Buss family owns 66% of the franchise.

Jim Buss will continue to serve as one of the Lakers’ co-owners, but did not receive any sort of financial settlement in exchange for resigning as a co-trustee. Another Buss sibling, Janie, has replaced Jim in that role, joining Jeanie and Johnny Buss as co-trustees, per Fenno.

“Jeanie is captain of the ship,” Janie Buss told ESPN’s Ramona Shelburne. “My sister is the one who finally played her aces. I’m just behind her. I’ve always been behind her. Now she can focus on where the Lakers need to go. … This is a new beginning for us as a team. Now we don’t need to worry about this family stuff. We can focus on the Lakers now.”

Jeanie Buss’s attorney, Adam Streisand, spoke to Fenno and conveyed a similar message regarding the Lakers’ controlling owner: “The message is clear here: Do not underestimate Jeanie Buss. There is not going to be a palace coup. Not now. Not ever.”

A court date had been set for May 15 when it appeared that the family would wage a legal battle, but now that an agreement has been reached, that court date has been scrapped.

Pacific Notes: Walton, Buss, Crawford

March 18th, 2017 at 12:04pm CST by Austin Kent

When Luke Walton shifted from his role as an assistant coach with the Warriors to head coach of the Lakers, an adjustment period was expected. ESPN’s Baxter Holmes recently profiled the transition that Walton has undergone in California, adjusting not only to a new routine and staff but an entirely new culture.

“Really, it shifts your entire life because your daily routine is so much different from the stress and the grind and the everything,” Walton told him as the Lakers look back on a 20-49 record, “I do my best to stay in the right frame of mind.”

Walton adds that there have been plenty of sleepless nights but remains optimistic about the young Lakers roster and about coaching in general.

“The job itself is still the same,” he says now amid the ongoing Lakers rebuild. “It’s rewarding. It’s exciting. Now we’re competing for different things there and here, but the competition level is right there from the daily practices to the games.”

There’s more out of the Pacific Division:

In an effort to open up communication across all levels of the organization Lakers president of basketball operations Magic Johnson and new general manager Rob Pelinka have been meeting with players at practice. “It’s good for us being able to talk to them and pick their brains as well and having that open-door presence,” Jordan Clarkson told Mark Media of the Los Angeles Daily News.
Current franchise president Jeanie Buss has asked her brothers for permanent assurances that they’ll vote for her to remain the controlling owner of the Lakers, writes Ramona Shelburne of ESPN, as well as to remain on the board of directors.
Veteran guard Jamal Crawford recently spoke with Alex Kennedy of HoopsHype about the trade rumors that popped up with his name in them prior to the trade deadline. “It was a little bit frustrating. You hate to hear it, and this time was a little bit different since I had just re-signed [with the Clippers on a three-year contract] this past summer. […] For me, I’m just glad it’s over with and we’re just moving forward.“
The Warriors were left with a lack of depth after signing Kevin Durant in the offseason and Marcus Thompson II of the Mercury News speculates that Omri Casspi, Mario Chalmers and Jimmer Fredette could be options to help bolster the roster as the playoffs near. That, of course, begs the question of who the team would need to cut if they made an addition.

Lakers Notes: Walton, Old Trades, Draft Picks

March 12th, 2017 at 5:57pm CST by Austin Kent

There are a few areas that the Lakers will need to address as Rob Pelinka tackles his new role as general manager of the franchise, but head coach isn’t one of them. In fact, the presence of Luke Walton on the payroll could be an asset for the organization, writes Mark Medina of the Los Angeles Daily News.

“Everyone loves you,” Pelinka said to the Lakers coach at the press conference when his hiring was formally announced. “You have this genuine honesty and coolness about you that just makes every player in the league want you to be their coach.”

Walton spoke about his new boss’ support at practice, mentioning the benefits of knowing that the front office supports him. “It gives you the confidence to make the decisions you feel are best for the team,” Walton said.

There’s more from the Lakers:

When Jeanie Buss opted to hand the keys to the Lakers over to Magic Johnson and Rob Pelinka rather than her own brother Jim Buss and long-time general manager Mitch Kupchak, it showed that loyalty matters more than family, Kevin Ding of Bleacher Report writes.
Though reluctant to commit to a timeline, newly hired general manager Rob Pelinka insisted that the Lakers need to be aggressive in their rebuild and “get better talent for Luke Walton to coach,” Mark Medina of the Los Angeles Daily News wrote in a separate piece.
In a column published Friday, Mark Heisler of the Orange Country Register wonders if the Lakers forgot to tank. Heisler reminds readers that if the Lakers pick falls out of the top three this year, they lose it (on account of the Steve Nash trade) — otherwise they lose next year’s pick. Should they lose this year’s pick and retain next year’s pick, they would lose their 2019 first-round pick due to the Dwight Howard trade and the Ted Stepien rule. Check out the column for more details.

Lakers Notes: Pelinka, West, Kobe, Walton

March 11th, 2017 at 9:30pm CST by ChrisCrouse

New Lakers GM Rob Pelinka vows to be aggressive in his attempts to get the franchise back on the winning path, as Mark Medina of the Los Angeles Daily News relays. “We have to get better talent for [Luke Walton] to coach. We have to develop our young players. Our timeline is to be aggressive and to grow with quality players,” Pelinka said. “All of these things are like a chess game. You’ve got to start moving pieces around the board before you can win the game.”

The former agent wouldn’t commit to a timeline regarding a turnaround, adding that “it’s impossible to predict.” He said the front office will put in the necessary hard work and it will be “committed to excellence every day.” Team president Magic Johnson didn’t commit to a timeline either, but he also took accountability for the team’s future.

“If we can’t do our job, then I’m going to hand the keys back to Jeanie and step aside,” Johnson said. “If I see I can’t do it, I’ll gladly step aside.”

Here’s more from Los Angeles:

Jerry West was interested in returning to the Lakers, but he didn’t match owner Jeanie Buss‘ “vision for the future,” sources tell Kevin Ding of Bleacher Report. West’s son, Ryan, currently works for the Lakers and is expected to remain with the team.
Ding adds (same piece) that while Kobe Bryant remains “loyal” to Pelinka, though the future Hall of Famer is sticking to his plan of pursuing business ventures rather than chasing a front office role.
Despite the down season, both Pelinka and Johnson support Walton as the team’s coach, Medina adds in the aforementioned piece. Johnson recently referred to Walton as “the right man for the job.”
Pelinka believes in the Lakers‘ young talent, though he admits to being unsure about the team’s title chances with its existing core, Medina passes along in that same piece. “I don’t know,” Pelinka said in response to a question about the team’s ability to win a title with its core players. “But I do know this. We have a championship coach and Earvin and I are going to put in a championship accountability system to make sure any player that has the honor to put that jersey on is striving for greatness, is working hard and is a person of integrity.”

Lakers Rumors: Magic, Buss Family, Cousins

March 8th, 2017 at 10:29am CST by Luke Adams

The Lakers officially named Magic Johnson an advisor at the start of February, but in the weeks leading up to his promotion, Johnson wasn’t being kept apprised of the goings-on in the team’s front office, according to ESPN’s Ramona Shelburne. As Shelburne details in her inside look at the Lakers’ front office shakeup, Jim Buss and Mitch Kupchak continued to run team business without integrating Johnson or even informing him of what they were planning.

In one case, that meant conducting a workout with Larry Sanders without inviting Johnson to attend. It also meant that Johnson had to inquire about trade calls on his own, since Buss and Kupchak weren’t telling him about them, let alone asking his opinion. The fact that Johnson wasn’t been involved in the decision-making process was one reason why president Jeanie Buss felt it was necessary to make a change just days before the trade deadline, writes Shelburne.

Let’s round up a few other Lakers items, including more from Shelburne’s piece…

Another key factor in Jeanie Buss‘ decision to oust Jim Buss and Kupchak in favor of Johnson was the way DeMarcus Cousins talks with the Kings were handled. According to Shelburne, Johnson received a call from Sacramento GM Vlade Divac, but since Magic was still just a consultant at that point, he referred Divac to Buss and Kupchak. Divac wanted to move quickly on a Cousins deal and was meeting with Pelicans GM Dell Demps in person at the All-Star Game in New Orleans, but could only talk to Buss and Kupchak on the phone, slowing negotiations.
As Shelburne explains, Jeanie Buss wanted a heads-up if the Lakers were discussing any of their three previous lottery picks – Brandon Ingram, D’Angelo Russell, and Julius Randle – in trade talks. The talks with the Kings involved two of those three players, but Jeanie and Magic were kept out of the loop until Sacramento had essentially finalized a deal with New Orleans.
According to Shelburne, the Jazz had offered a first-round pick for Lou Williams before Johnson took over as the Lakers’ president of basketball operations, but that proposal was off the table by the time he was promoted.
Shelburne’s piece includes several more interesting items about Lakers ownership, the tension between the Buss brothers and Johnson, and a possible role for Kobe Bryant, among other topics, so it’s worth checking out in full.
Speaking of Kobe, the future Hall-of-Famer publicly endorsed the Lakers’ choice of his former agent Rob Pelinka for general manager (Twitter link). Head coach Luke Walton is “excited” to begin working with Pelinka, as Mark Medina of The O.C. Register details.
Legal experts say that Jeanie Buss is well positioned to retain control of the Lakers franchise even if her brothers attempt to oust her, writes Nathan Fenno of The Los Angeles Times. Shelburne’s report suggests that Janie Buss believes Jim and Johnny Buss hope to eventually cash out.

Jeanie Buss Prevents Brothers’ Attempt To Take Over Lakers

March 3rd, 2017 at 10:02pm CST by Milo Taibi

10:02pm CST: Jim and Johnny Buss’ lawyer, Robert Sacks, told Ramona Shelburne of ESPN that they were never trying to oust Jeanie as controlling owner. To the contrary, Sacks says, Jim and Johnny have informed Jeanie “orally and in writing” that they support her as the controlling owner of the Lakers (Twitter links). Sacks added “I can tell you, Jim Buss and Johnny Buss, as co-trustees, who vote shares in the Lakers, support Jeanie as the controlling owner.” (Twitter link)

5:29pm CST: Jeanie Buss has thwarted initial attempts from her brothers, Jim and Johnny, at a takeover of franchise control, according to a report from Nathan Fenno and Bill Plaschke of the L.A. Times (article link). Jeanie Buss’ attorneys sought a temporary restraining order Friday to prevent the brothers from holding a meeting to elect a new board of directors.

According to Ramona Shelburne of ESPN, Jeanie Buss’ restraining order alleged that Jim and Johnny “were acting in breach of their fiduciary duties as trustees.” Jeanie’s lawyers pushed for a trial to resolve the matter, and a court date has been set for May 15 (Twitter links).

On February 21, Jim Buss was relieved of his duties as executive VP of basketball operations, being replaced by Magic Johnson. At the time, Jeanie Buss announced “Today I took a series of actions I believe will return the Lakers to the heights Dr. Jerry Buss demanded and our fans rightly expect. Together, Earvin, Luke and our new General Manager will establish the foundation for the next generation of Los Angeles Lakers greatness.”

Johnny Buss remains the head of corporate development for the Lakers, and- per Fenno and Plaschke- notified Jeanie of his intent to elect a new board of directors three days ago. Jeanie Buss’ lawyer, Adam Streisand, delivered a statement in response to the attempted coup.

“This is no doubt the beginning and not the end of the game-playing,” Streisand said. “They don’t have a legal leg to stand on. This is a legal strategy doomed for failure.”

Lakers Notes: Deadline, Magic Johnson, Ingram

February 20th, 2017 at 7:33pm CST by Milo Taibi

Bill Plaschke of the L.A. Times is convinced Magic Johnson – recently hired as the Lakers‘ basketball and business advisor – will be calling the shots in the team’s front office. Johnson’s “advisor” title was merely an interim tag, Plaschke speculates, until this coming spring, when Jeanie Buss will rebuild the team’s front office around him.

“Johnson would call the shots that are now called by Jim Buss,” Plaschke writes. “He would be the voice that is currently Mitch Kupchak’s. He would essentially fill the role, both spiritually and practically, that Jerry Buss once entrusted to Jerry West.”

GM Mitch Kupchak Has Cost The Lakers In Free Agency

February 8th, 2017 at 8:01pm CST by ChrisCrouse

Magic Johnson, who was recently hired as a special advisor to Lakers co-owner Jeanie Buss, has heard from agents and executives around the league that GM Mitch Kupchak‘s management style is frustrating to deal with and it has cost the team in free agency, according to Ramona Shelburne of ESPN.com. Shelburne names Isaiah Thomas, Kent Bazemore, Kyle Lowry and Pau Gasol among the players who have signed elsewhere because of the GM.

“He’s the only GM in the league who won’t engage at all before 9:01 p.m. [PT] on the first night of free agency. Then when he calls to express interest, there’s no stickiness to it,” an anonymous player agent said of dealing with Kupchak.

Of course, speaking with players before the opening of free agency technically qualifies as tampering, though Shelburne notes that there are ways of gathering information on free agents without breaking the rules, so that the team doesn’t begin the process behind the competition. The Lakers aren’t operating like other franchises and it has contributed to the lack of success in free agency. Kupchak’s decision to chase stars has also been problematic.

Thomas told ESPN’s Zach Lowe back in 2014 that he always envisioned himself playing for the Lakers, but the franchise was “waiting on Carmelo Anthony and other moves” when he was a free agent during the summer of 2014. In the same summer, the Lakers were interested in signing Lowry, but they told him they would prefer to wait until Anthony made a decision. Anthony never came to the Lakers and both players signed elsewhere.

During the 2015 offseason, Los Angeles told Bazemore to wait on an offer while it unsuccessfully chased LaMarcus Aldridge, Greg Monroe, and DeAndre Jordan. Bazemore ended up becoming a free agent again after a successful 2015/16 campaign with Atlanta. This time, the Lakers went after him more aggressively, presenting him with an offer that was more lucrative than Atlanta’s. However, Bazemore decided to be loyal to the team that gave him an expanded role and re-signed with Atlanta.

According to Shelburne, Kupchak rarely communicates with Jeanie Buss because he believes that he only reports to her brother Jim, who handles the team’s basketball operations. She handles the business affairs and mostly stays away from transactions on the court. Buss has often said that she learns of the on-court decisions through the news or texts from her brother.

Johnson is keeping an open mind when evaluating whether or not Kupchak should stay on as GM. As an advisor, he doesn’t have decision-making power, but he is expected to help Jeanie Buss reassess the basketball operations side of the franchise. Kupchak has been in the organization since 1986 when Johnson was a player on the team.

After the All-Star break, Jim Buss, Johnson, and Kupchak will meet to discuss the team’s moves over the last several seasons.

“I’m taking Magic at face value, that he’s here to help,” Jim Buss said. “He’s one of the greatest basketball players of all time. Who wouldn’t value his opinion? I’m excited to work with Magic for years to come.”

Magic Johnson Returns To Lakers In Advisory Role

February 2nd, 2017 at 12:48pm CST by Luke Adams

Former Lakers player, minority owner, and vice president Magic Johnson has rejoined the franchise, the team announced today in a press release. According to the Lakers’ announcement, Johnson will serve as an advisor to team ownership consulting with the Buss family on basketball operations and business matters.

“Everyone knows my love for the Lakers,” Johnson said in a statement. “Over the years, I have considered other management opportunities, however my devotion to the game and Los Angeles make the Lakers my first and only choice. I will do everything in my power to help return the Lakers to their rightful place among the elite teams of the NBA.”

According to the team, Johnson will report directly to Lakers governor Jeanie Buss. His duties will include, but won’t be limited to, the following: “Advising ownership on all business and basketball matters, collaborating with coaches, evaluating and mentoring players, assessing future franchise needs, and helping ownership to determine the best path for growth and success.”

Johnson’s role with the Lakers will be interesting to monitor, since he has been critical in recent years of some of the team’s basketball operations decisions, led by Jim Buss. As Mike Bresnahan of Spectrum SportsNet notes again today (via Twitter), Buss said in April 2014 that he’d step down from his position with the franchise if the Lakers weren’t contending for a title within “three or four” years.

Johnson was part of the Lakers’ ownership group for more than 15 years and served as a vice president for the team before selling his share of the organization in 2010.

And-Ones: Jackson, Griffin, Bogut

December 28th, 2016 at 10:45pm CST by ChrisCrouse

Phil Jackson announced via Twitter that he and Lakers team president Jeanie Buss have decided to end their engagement, explaining how the distance between the two has made sustaining a relationship a difficult feat. Jackson is under contract with the Knicks for two more seasons after this one, but his contract contains a mutual option that would allow either side to opt out this upcoming summer. Tim Bontemps of The Washington Post speculates that the decision to part ways with Buss could mean that Jackson is planning on staying on as New York’s team president. The Zen Master will make $12MM if he returns to the Knicks next season.

Here’s more from around the league:

When Jackson took the Knicks‘ job, the league made Jackson and Buss sign documents to ensure there would be no conflicts of interest between the two clubs, Ramona Shelburne of ESPN.com reports. Sources tell Shelburne that the documents included a provision that the duo inform the NBA and its owner should they ever decided to marry.
Jackson had long been rumored to be a candidate for a role in the Lakers’ front office should Buss decide to make changes, though with the news of their break-up, it appears that door has closed, Bill Oram of the Los Angeles Daily News writes. Oram speculates that Jerry West return to the organization in some capacity should the team make organizational changes.
Kevin O’Connor of The Ringer details how the Clippers are finding success without Blake Griffin in the lineup and the scribe wonders if the team should trade the oft-injured power forward. O’Connor notes that Griffin’s contract, which expires after this season, could dissuade rival teams from giving up valuable assets for the him, as he could simply walk in free agency.
Despite owner Mark Cuban‘s declaration that the team isn’t interested in tanking, the Mavericks would be wise to trade Andrew Bogut with the future in mind, O’Connor argues in the same piece. O’Connor lists several teams, including the Blazers and the Celtics, that could use the big man’s defense.