LOS ANGELES (AP) — The Los Angeles Lakers are being sold to businessmen Josh Kushner and Bob Iger for a record-breaking price, the second such sale in a year.

This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details.

ESPN first reported that Kushner and Iger are buying the NBA's most valuable franchise, which was valued last year at $10 billion when Mark Walter purchased a controlling stake from the Buss family. The two businessmen had been involved in trying to get an expansion team for Las Vegas.

By buying the Lakers, Iger and Kushner simply don’t have to wait for that decision. Expansion, if it happens, could take place in the 2028-29 season.

Don Nelson, the second-winningest coach in NBA history who won five championships as a player with the Boston Celtics, died Sunday. He was 86.

Nelson’s death was announced by the Golden State Warriors, one of the teams he coached. They did not release details.

Nelson is one of two coaches in NBA history to have at least 250 wins with three different franchises — Milwaukee, Dallas and Golden State — also serving as general manager for all three franchises. He was a three-time coach of the year and made the playoffs 18 times in 31 seasons. He went to the conference finals three times with the Bucks and once with the Mavericks, never winning a title.

Nelson introduced what is now known as the point forward, and his up-tempo style of offense created a buzz. He said the idea of shifting from the dominant big men of the 1970s to an offense focused on speed and the fast break came from his playing days under Celtics Hall of Fame coach Red Auerbach.

PHOENIX (AP) — The Phoenix Suns and veteran forward Dillon Brooks agreed to a $73 million, three-year extension on Wednesday that will keep him with the team through 2030, according to two people familiar with the deal.

The people spoke to The Associated Press on condition of anonymity because the deal hasn't been announced.

The 30-year-old Brooks, from Mississauga, Ont., averaged a career-high 20.2 points last season, his first with the Suns. He provided scoring and a hard-nosed defensive personality that helped the team make a surprise run to the playoffs.

Brooks is entering the final season of an $86 million, four-year deal he signed with the Houston Rockets in 2023.