The Los Angeles Lakers and their fans are mourning the death of longtime owner Jerry Buss. The "Los Angeles Times" reports that the 80-year-old passed away after battling an undisclosed form of cancer. 

He purchased the Lakers, NHL's Kings and The Forum in 1979 for nearly 68-million-dollars in what was the largest transaction in sports history at that time. 

Under Buss, the Lakers won ten NBA championships with such stars as Kareem-Abdul-Jabbar, Magic Johnson, Kobe Bryant and Shaquille O'Neal.  He was inducted into the Basketball Hall of Fame in 2010 as a contributor. 

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