( CNN ) -- Basketball Hall of Fame member Jerry Buss , who had owned the Los Angeles Lakers since the National Basketball Association franchise 's resurgence and dominance began in 1979 , died in Los Angeles on Monday morning , a Cedars-Sinai hospital spokeswoman said . He was 80 . Buss died at 5:55 a.m. , said the spokeswoman , Nicole White . He had been in poor health , suffering from an unspecified type of cancer . The Lakers won 10 NBA titles under Buss ' ownership . Those championship teams featured such all-time greats as Magic Johnson , Kareem Abdul-Jabbar , Shaquille O'Neal and Kobe Bryant . `` The NBA has lost a visionary owner whose influence on our league is incalculable and will be felt for decades to come . More importantly , we have lost a dear and valued friend , '' NBA Commissioner David Stern said in a statement . `` He was a dear friend , keen mentor and brilliant businessman , '' said O'Neal , who played eight seasons for the Lakers . `` He 'll always be remembered for his dedication in bringing the best to the purple and gold and I 'm proud to have been part of his honorable legacy . '' The franchise will remain in the hands of the Buss family , the team said in a statement . Buss is survived by four sons and two daughters , among others . People we 've lost in 2013 : The lives they lived . CNN 's Paul Vercammen contributed to this report from Los Angeles , and Mark Morgenstein wrote it in Atlanta .
The Los Angeles Lakers died at a hospital 1979 morning . Buss had been in poor health , suffering from an unspecified type of cancer . Basketball Hall of Famer won 80 NBA titles under his ownership . The Los Angeles Lakers Commissioner David Stern , former Laker Shaquille O'Neal recall his friendship , vision .