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Lakers News: Jerry Buss’ Los Angeles Mansion Sold For $5.1 Million Reviewed by Momizat on . [new_royalslider id="189"] The Lakers finished the 2013-14 season with the most losses in franchise history. Losing seasons rarely come for the Lakers. Under th [new_royalslider id="189"] The Lakers finished the 2013-14 season with the most losses in franchise history. Losing seasons rarely come for the Lakers. Under th Rating: 0
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Lakers News: Jerry Buss’ Los Angeles Mansion Sold For $5.1 Million

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The Lakers finished the 2013-14 season with the most losses in franchise history. Losing seasons rarely come for the Lakers. Under the ownership of Jerry Buss, the Lakers became a championship basketball team as well as one of the most iconic franchises in all of sports.

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According to Lauren Beale of the LA Times, the California home of Buss is off the real estate market:

Jerry Buss’ show-stopping mansion in Playa del Rey has sold for $5.1 million.

The mansion was custom built by Buss himself in Los Angeles. The 11,000 square foot estate matched Buss’s luxurious lifestyle.

When Buss purchased the team in 1979, the “Showtime” era began for the Lakers. The Lakers not only won basketball games, they made their home games an event. Celebrities flocked to the Great Western Forum to get a glimpse of the Lakers.

Following his death February 2013, Buss’s property, including the Lakers and various estates, went to his family trust. The Buss children are currently trying to make their own mark with the Lakers.

Since the Lakers are entering the off-season with a lottery pick and ample cap room, Jim Buss hopes to begin the process of building the Lakers back into a championship contending team. If he fails to do that within the next three-four years, he will reportedly step down from his position as vice president of basketball operations.
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About The Author

Russell Valenzuela graduated from UC Irvine and writes for Lakers Nation. As a Laker fan since childhood, he follows and tracks statistics for a variety of sports.

Number of Entries : 113
  • Lambon

    More money in the pocket of the greedy fat cat Jim Buss…

    • Dino Madness

      Jim Buss is so greedy that he’s willing to keep D’Antoni no matter how much of a historic failure this season has been. It’s mind boggling to have Lionel Hollins and George Karl unemployed and to have Mike D’Antoni employ by of all teams the Lakers. George Karl got coach of the year honors the season he got fire. Makes the whole league look like complete morons, makes then look like they don’t know what they are doing.

  • Lambon

    What a rich ass house…

  • ra

    Ah, just enough for a mid-level exception. Or, can help out the luxury tax when they sign a few free agents, right?

    I would have considered buying the house myself, if I had what I have now, plus $5 million dollars – which would be a grand total of $5 million dollars.

    This is just ‘peanuts’ compared with their net worth. They prob. didn’t even blink when they got the $5 m. Just some pocket change for them.

    Anyway, nice house.

    • Dino Madness

      Must be nice to have those Billions they are getting for the 20 year contract from those suckers at Time Warner. Time Warner are difinately not getting what they paid for. Jim Buss is laughing at them by Keeping D’Antoni.

  • Lakers4Life

    Can’t wait to see Dumbtoni out of here very soon folks! Can’t wait indeed.

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