Mark Walter’s legacy with the Los Angeles Lakers was short-lived, but was quietly a roller coaster of a ride.

Details continue to emerge about his roughly yearlong tenure at the helm of the franchise, a period filled with behind-the-scenes upheaval that contributed to a “weird vibe” throughout last season, as one source described it in a new report by The Athletic.

Walter purchased the Lakers for $10 billion in June 2025, and was officially welcomed in as the team’s owner on October, 30, 2025.

Less than a week ago, Walter sold his stake in the Lakers to former Walt Disney CEO Bob Iger and businessman Josh Kushner at a $12.5 billion valuation.

Walter’s brief Lakers ownership began with expectations of him elevating the franchise into one of the NBA’s finest, as he did for the Los Angeles Dodgers after he purchased them in 2012.

Instead, his legacy with the team was focused on him changing the way the team operated behind the scenes.

According to The Athletic, the organization had multiple rounds of layoffs last season while there was a significant increase in season ticket prices — some by more than 40 percent.

The price hikes reportedly was due in part to the influx of new courtside seating at Crypto.com Arena.

Lakers basketball executives reportedly were frustrated last season after the team made the abrupt decision to relocate its G League team from El Segundo to the Coachella Valley as they believed they were being “distanced from their developmental players and coaches.”

Just a month before Walter sold the team, the Lakers organization had another major shift as LeBron James announced his departure after eight seasons, and would later sign with the Philadelphia 76ers.

On Monday, the Lakers organization had one last seismic change: The Buss family, which spent most of the past 47 years as the majority owners of the team, sold the remainder of their shares to Iger and Kushner, and Jeanie Buss will no longer serve as the team’s governor.