18 February 2013 11:10 AM, PST | PEOPLE.com | See recent PEOPLE.com news »

Jerry Buss, the owner of the Los Angeles Lakers, has died, the Associated Press reports. He was 80. Buss had been hospitalized for cancer, but died of kidney failure at Cedars-Sinai Medical Center in Los Angeles on Monday, said his assistant, Bob Steiner. Paying $67.5 million when he first bought the the Lakers from Jack Kent Cooke (in a deal that also included the N.H.L.'s L.A. Kings, the L.A. Forum sports arena and Cooke’s California ranch), Buss saw their value increase to $1 billion, according to a Forbes ranking in January, reports The New York Times. That »


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