The multi-year agreement will go into effect this season. Bally will carry 63 of the team's 2022-23 regular season games.
Discussions between the two entities have and will continue, noting that only 39 of the club's games for the upcoming season are available to Bally Sports.
KTLA will produce live pregame, halftime, and postgame programming and will also create special shoulder programming for the team.
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"The Duke standout recently retired from the NBA after a 15-year career in the league."
The host has been critical of the point guard in the past.
Ratings are getting a big lift after being down in 2020.
The rapper is a diehard Lakers fan having grown up in Los Angeles.