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Los Angeles, CA (Sports Network) - Los Angeles Lakers owner Jerry Buss hasdied. He was 80 years old.

According to the Los Angeles Times, Buss died Monday.

It was reported last week that Buss had been hospitalized because of cancerand wasn't expected to live much longer.

Buss purchased the Lakers, as well as the NHL's Kings and the Forum, in 1979from Jack Kent Cooke for a reported $67 million. The Lakers have won 10 oftheir 16 NBA titles under Buss' stewardship.