In a report this morning by RadarOnline.com, it was revealed that long time Lakers owner and franchise legend Dr. Jerry Buss is dying of cancer in a Los Angeles hospital.

“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.” Said the report.

The report was not clarified by the Lakers, but a source close to the team has now also broken the news. Kevin Ding of the OC Register confirmed the horrific news just moments ago, sending waves of sadness through the Lakers community and indeed the greater NBA fan base. Ding also reiterated the family’s statement last month surrounding future ownership of the team:

“The Buss family released a statement after that piece was published, saying: “We unanimously agree that we have no intention of ever selling the Lakers, and intend to keep ownership of the team in our family for generations to come.”

Dr. Buss has owned the Lakers since 1979 and has overseen 10 World titles in his time. Most recently son Jim Buss and daughter Jeanie have been running the franchise alongside GM Mitch Kupchak.

We’ll keep you posted on any further developments.

Nick C