LA Lakers Owner Jerry Buss Passes Away

Los Angeles Lakers owner Jerry Buss, who during his time saw his NBA win 10 titles and showcased some of the biggest names in professional basketball, died Monday, aged 79.

Spokesman Bob Steiner says Buss died Monday morning at Cedars-Sinai Medical Center in Los Angeles. He’d been hospitalized for cancer, but the immediate cause of death was kidney failure.

Under Buss’ ownership, the Lakers won NBA titles in 1980, ’82, ’85, ’87, ’88, 2000, ’01, ’02, ’09 and ’10. Among the all-time greats who played for the Lakers during Buss’ tenure were Kareem Abdul-Jabbar, Magic Johnson, James Worthy, Byron Scott, Shaquille O’Neal andKobe Bryant.

Buss was credited with introducing “Showtime” to Los Angeles, bringing entertaining basketball to the Entertainment Capital of the World. He once said his goal was to make the Lakers synonymous with Los Angeles, which had been a Dodgers town up until the time he bought the team. Most would say he succeeded.

Buss bought the Lakers — along with the Los Angeles Kings, the Forum and real estate in central California, from Jack Kent Cooke in 1979 for $67.5 million. Forbes magazine now estimates the Lakers are worth $1 billion, second to the New York Knicks among NBA franchises.

Recently, Buss had passed the day-to-day operation of the teams on to his children, Jim (who oversees basketball operations) and Jeanie (who oversees the business side of the franchise).

Buss reportedly had been hospitalized several times in the past two years. The Lakers confirmed he was in the hospital in December 2011 for blood clots in his leg, which they said was caused by excessive travel.

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