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Los Angeles Lakers owner Gerald Hatten “Jerry” Buss has passed away. He was 80 years old.

Buss died early this morning according to multiple reports, including TMZ. A few days ago it was revealed that Buss was suffering from cancer and had been seriously ill for a few months. Radar Online reported:

Los Angeles Lakers owner Jerry Buss is dying of cancer and is currently surrounded by family and friends at his hospital bedside, RadarOnline.com is exclusively reporting.

The businessman and billionaire is at Cedars-Sinai Medical Center in Los Angeles and a source close to the situation tells RadarOnline.com that Lakers players have been calling with well-wishes and even stopping by to see him in what they expect to be his final days.

“Jerry isn’t doing well and it’s quite sad, but he’s surrounded by loved ones,” the insider told RadarOnline.com.

Buss purchased the Los Angeles Lakers in 1979.

Our condolences go out to the Buss family and the Lakers nation during this sad time.

Photo: Los Angeles Times