It was reported last week that Buss had been hospitalized because of cancer and wasn't expected to live much longer.
Buss purchased the Lakers, as well as the NHL's Kings and the Forum, in 1979 from Jack Kent Cooke for a reported $67 million. The Lakers have won 10 of their 16 NBA titles under Buss' stewardship.
The Lakers, with Buss at the helm, helped transform the NBA from a middling league into a media powerhouse.
Magic Johnson became a Laker in 1979 and the "Showtime" was effectively born. The Lakers, with Johnson and Kareem Abdul-Jabbar leading the way, won the NBA title in the spring of 1980, the first of five championships in a nine-year span.
It took awhile, but the Lakers again became an NBA power at the beginning of the new century. Behind the tandem of Shaquille O'Neal and Kobe Bryant, LA won three straight titles from 2000-02, then with Bryant still the driving force, captured back-to-back crowns again in 2009-10.
02/18 11:44:53 ET