Jerry Buss’ Lakers had many memorable battles with the Celtics over the last three decades. (AP)

Longtime Lakers owner Jerry Buss died Monday at the age of 80 following an 18-month battle with cancer. The immediate cause of death was listed as kidney failure.

“The NBA has lost a visionary owner whose influence on our league is incalculable and will be felt for decades to come,” NBA commissioner David Stern said. “More importantly, we have lost a dear and valued friend.”

Buss bought the team in 1979 and owned it during its most successful tenure. The Lakers won 10 titles and competed in 16 finals during the 34 years of his ownership. Two of his children, Jim Buss and Jeanie Buss, have been handling most of the team’s day-to-day responsibilities as his health failed.

Celtics owner Wyc Grousbeck released a statement, saying: “I had the pleasure of working with Jerry closely for the last 10 years on league matters. He was a wonderful business colleague, brilliant competitor and became a good friend. Although our teams competed in two finals during that time, the friendship never wavered. He will be greatly missed and the entire Celtics organization offers condolences to the Buss family and Lakers organization.”