Photo by Kevork Djansezian | Getty Images

The following statement was issued today by Lakers Owner Dr. Jerry Buss on behalf of the Los Angeles Lakers organization:

“Shaq had a long and amazing career, with a huge impact both on and off the court. His contributions were significant to the entire NBA, but we specifically appreciate what he did with and what he meant to the Lakers during his eight years with us. We have three championships that we wouldn’t have won without him, and we will forever be grateful for his significant contributions to those teams.”

According to the LA Times, the Lakers will retire O’Neal’s jersey, “There is no timetable and there is no plan other than yes, we definitely plan at some point to retire his jersey,” Lakers spokesman John Black said.

Shaquille O’Neal signed as a free agent in 1996, and played 8 seasons with the Lakers.