UPDATE: A statement released by the Lakers states that Dr. Buss is recovering and is expected to be released soon.

TMZ reported that Dr. Jerry Buss was hospitalized for severe dehydration Monday night.

              According to sources, 78-year-old Buss fell ill at his home around 9pm and someone inside the

              house called 911.  The L.A. City Fire Department responded and paramedics rushed Jerry to a

             local L.A. hospital. It’s unclear if Jerry’s still being treated, or has been released.