Jerry Buss

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Gerald Hatten “Jerry” Buss (born in 1934) is an American professional basketball team owner, a former real estate developer and a poker player.

[edit] Early life

Raised in the coal mining region of Kemmerer, Wyoming, Buss worked his way through the University of Wyoming, graduating with a B.S. degree in two and a half years in 1953. He moved to Los Angeles, California and attended the University of Southern California, where he earned a M.S. and Ph.D. in physical chemistry by age 24.^[1]

Buss started as a chemist for the Bureau of Mines (now the Mine Safety and Health Administration); he then briefly worked in the aerospace industry and was on the faculty of USC's chemistry department. He originally went into real estate in order to provide an income so he could continue teaching. His first investment in the 1960s was $1,000 in a West Los Angeles apartment building. Finding great success, he pursued real estate full time.^[1]

[edit] Sports ownership

Buss first forayed into sports ownership during the 1970s, becoming an owner or part owner at various times of various teams in the ill-fated first incarnation of World Team Tennis. However, he is most notable for being the owner of the Los Angeles Lakers of the NBA. He purchased the team, along with the Los Angeles Kings hockey team of the NHL, The Forum, and a large ranch from Jack Kent Cooke in 1979. The purchase price, $67.5 million, made it the largest transaction in sports history at that time. Buss later sold the Kings, retaining ownership of the Lakers and The Forum. He then reached a major advertising agreement with Great Western Savings & Loan for the naming rights to The Forum, resulting in the official name of the building being changed to the Great Western Forum.

Later, when the WNBA was formed, Buss took charge of operating that league's Los Angeles franchise, the Los Angeles Sparks. Eventually, all three teams moved into a more modern arena in downtown Los Angeles: Staples Center, which opened in 1999. As part of the deal to move the Lakers into Staples Center, Buss sold the Great Western Forum (which was later reverted to its original name).

The Lakers have been very successful under Buss' ownership, winning eight NBA championships with such players as Kareem Abdul-Jabbar, Magic Johnson, James Worthy, Shaquille O'Neal, and Kobe Bryant. The Sparks also experienced their share of success with Buss at the helm, winning two WNBA championships and featuring one of the league's marquee players in Lisa Leslie.

In 2002, when the WNBA was restructured to give its teams individual owners (previously, all WNBA teams were collectively owned by the NBA), Buss assumed outright ownership of the Sparks. He sold the team in 2006.

Buss also owned the less successful (both financially and on the field) Los Angeles Lazers of the Major Indoor Soccer League. The Lazers also played in The Forum. The team folded in 1989 and the league folded three years later.

On May 29, 2007, Buss was issued a DUI citation after two California Highway Patrol officers saw him driving his gold Mercedes-Benz with a 23 year-old woman on the wrong side of the road in the coastal community of Carlsbad.

After failing a field sobriety test, Buss was taken into custody, given a blood test and booked on suspicion of driving while intoxicated with a blood-alcohol level over 0.08.

"Although I was driving only a short distance, it was a bad decision and I was wrong to do it," Buss said in a statement. "It was a mistake I will not make again."^[2]

[edit] Poker player

Jerry Buss has been a high-stakes cash game poker player for many years, but recently he has been more active in tournament games. His best finishes include 3rd in the 1991 World Series of Poker seven-card stud event and 2nd place in the 2003 World Poker Tour invitational. He has appeared in the GSN series High Stakes Poker and the NBC late-night series Poker After Dark.

[edit] Personal

Buss' children are also involved with his teams. Son Jimmy Buss serves as an assistant general manager with the Lakers. Son Johnny Buss served as the president of the Sparks until the team was sold. And daughter Jeanie Buss serves as a Lakers vice president, covering business operations. She has gained additional attention from having posed for Playboy magazine and from her current romantic relationship with Lakers' head coach Phil Jackson.

In January 2008, Buss gave a $7.5 million gift to USC's Department of Chemistry with the aim of naming and funding two endowed chairs and an endowed scholarship fund for chemistry graduate students; the two chairs were to be named after his mentors at USC, professors Sidney Benson and David Dows. Buss is an inaugural member of the USC College Board of Councilors.^[1]

[edit] Trivia

Trivia sections are discouraged under Wikipedia guidelines. The article could be improved by integrating relevant items and removing inappropriate ones.

On October 30, 2006, Buss received a star on the Hollywood Walk of Fame in Hollywood, California.

Buss stated in a January 28, 2007, interview on KABC TV that his favorite sports moment was smoking a cigar in the Boston Garden following the Lakers' defeat of the Boston Celtics in the 1985 finals. This was the first time the Lakers defeated Boston in the NBA Finals. Prior to that year, the Celtics had won all eight Finals series between the two teams. The 1985 Lakers were also the only visiting team ever to win an NBA championship at the Boston Garden. When the Lakers received the Larry O'Brien Trophy that day, Jerry hoisted it high and was quoted as telling CBS Sports reporter Brent Musburger, "This removes the most odious sentence in the English language, The Lakers have never beaten the Celtics."

[edit] References

[edit] External links

• Hendon Mob tournament results
• Jerry Buss on The Internet Movie Database