Tuesday, February 19, 2013

The Buss Stops Here

Lakers owner Jerry Buss died this week at age 80. Buss bought the team for $16M in 1980 (as part of a deal that included other properties) and now the Lakers are worth an estimated $1B. Once Jerry was asked if he would ever sell the team, he said "what could I buy that I would want more than the Lakers?"



He is certainly one of the most successful owners in the history of team sports, winning 10 titles and making the Finals 16 times (roughly every other year of his ownership). It's hard to calculate exactly how much credit he deserves for that, but he certainly was a great owner in that he hired good people and gave them the money and the autonomy to do their jobs. And the results are phenomenal.

The other world Jerry was involved in was poker. Most of the top pros will tell you Jerry was a good player and I'm sure that's true. But from what I saw of him he was clearly over-matched against the top pros and probably added millions of dollars to the poker economy by playing against tougher opponents.

One memorable televised poker moment involving Jerry Buss came during the NBC Heads Up Tournament. Buss was playing Daniel Negreanu (who was wearing a Ben Wallace jersey, just to needle Jerry after the Pistons beat the Lakers in the Finals) and not only did Jerry take a bad beat, it happened in a sick fashion.

Note: Even if you don't know poker, what happens hear is very clear and easy to understand.

1 comment: