His personal net worth is meaningless. What matters is the teams financial situation. In 2008, Forbes reported the Lakers had over $191 mil in revenue and about $48 mil in operating income. That was with a payroll of $78 mil.
That means they can increase payroll to a little over $100 mil WITHOUT POSTING A LOSS. Note, that's actual payroll, including the luxary tax, you're looking at roughly $125 mil without worries.
So no, the Lakers paying $110 mil would not be that big of a deal. They'd still post positive gains...