The Los Angeles Lakers are acquiring center Mark Williams from the Charlotte Hornets in a trade for rookie Dalton Knecht, Cam Reddish and two draft picks, a person with knowledge of the deal tells The Associated Press.

The Charlotte Hornets say the sale of the majority stake in the franchise from six-time NBA champion Michael Jordan to Gabe Plotkin and Rick Schnall has been finalized.

Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, a move that will end his 13-year run overseeing the organization, the team announced Friday.