Lakers owner and legend Jerry Buss is said to be in grave condition and dying of cancer. Buss is currently surrounded by friends and family at Cedars-Sinai hospital. Several current and former Lakers players have visited Buss, including Kobe Bryant, Magic Johnson, Shaquille O’Neal and Kareem Abdul-Jabbar.
Dr. Buss has been hospitalized since last year.
In 1979, Buss bought the Lakers from Jack Kent Cooke, along with the Forum, the NHL’s Kings (which he later sold), and a ranch in the Sierra Nevada for a total of $67.5 million.
Most recently, the Lakers secured a lucrative TV deal with Time Warner Cable, valued at $1 billion by Forbes magazine. Only, the New York Knicks was valued.