Report: Jim Buss resigns as Lakers trustee

Jim Buss’ fall from power within the Lakers continues.

After Jeanie Buss fired Jim from his front-office position, Jim and Johnny Buss tried to wrestle control from Jeanie.

That gambit has failed.

Nathan Fenno of the Los Angeles Times:

The three siblings have agreed for Jeanie to serve as controlling owner and on the team’s board of directors as long as the family owns the Lakers. On Monday morning, they asked a Los Angeles County Superior Court judge to issue an order to that effect.

According to a person familiar with the situation, Jim Buss resigned as co-trustee Thursday as part of a requirement by Jeanie Buss to resolve the dispute. Her younger sister and staunch ally, Janie, replaced the brother, joining Jeanie and Johnny Buss as co-trustees.

The person said there was no financial settlement with Jim Buss.

So Jim Buss no longer runs basketball operations, is no longer a trustee and received no payout. This is what happens you make bold promises and don’t keep them.

But Jim remains an owner of the franchise. This is what happens when you’re born to a wealthy father.

This will end the latest round of drama, but Jim’s ownership gives him some -- though far less -- say. The Buss/Laker business is too personal to assume this new legal arrangement ends the drama for good.