Source: Lakers lay off over a dozen amid business-side reorg

The Los Angeles Lakers informed more than a dozen employees Wednesday they were being laid off as part of a reorganization under new franchise leadership, a source familiar with the situation told ESPN.

The Lakers' sale to businessman Mark Walter at a $10 billion valuation was approved by the NBA board of governors in October, after the team had been owned by the Buss family for nearly 50 years.

The franchise has already undergone significant changes in the past several months on the business side, with Lon Rosen being hired as president of business operations, replacing longtime president Tim Harris; Michael Spetner being hired as chief strategy and growth officer; and Ryan Kantor hired as vice president of global partnerships.