The Los Angeles Lakers were sold for a record-high valuation earlier this summer, but they are expected to keep Jeanie Buss in control of the team.

A report from Front Office Sports claims Buss will remain as team governor for up to five years "at most." That puts a hard cap on how long Buss will be the franchise's decision-maker. Walter is likely going to be able to exert influence in that time but it would appear Buss will still remain in control.

A pair of conflicting reports have emerged of just how long Jeanie Buss will remain governor of the Lakers after agreeing to sell the team in June.