A swirl of emotions permeated the air at the Lakers' facility in El Segundo as the team reacted to the late owner Jerry Buss passing away at 5:55 a.m. Monday because of an unspecified form of cancer that affected his kidneys.

There was grief over Buss dying after frequently being hospitalized for the past 18 months.

There were fond memories on how Buss oversaw 10 of the Lakers' 16 championships since purchasing the team in 1979.

Despite the wave of emotions, the Lakers provided tremendous clarity on how the Buss family and the six children who own the team view the organization's future.

"The family has no interest in ever selling the team," Lakers spokesman John Black said. "The six of them agreed unanimously to keep the team in the family for generations to come."

Instead, the Lakers have set up a trust that will run by Jeanie, Jim and Johnny Buss.

Jeanie has been the team's executive vice president of business operations for 14 seasons. Jim has spent eight of his 15 years with the organization as the Lakers' executive vice president of player personnel. Johnny holds the title as the team's executive vice president of strategic development.