Bill Sharman, an All-Star guard for the Boston Celtics in the 1950s who became coach of the Lakers and led the team to its first NBA championship in Los Angeles in record-setting fashion, died Friday. He was 87.

Sharman, who suffered a stroke last week, died at his home in Redondo Beach, said his wife, Joyce.

Sharman was elected to the Naismith Memorial Basketball Hall of Fame as a player in 1976 and as a coach in 2004, joining John Wooden and Lenny Wilkens as the only men honored in both roles, and in 1996 was selected as one of the 50 greatest players of the NBA's first 50 years.

"Today is a sad day for anyone who loves and cares about the Lakers," said Lakers President Jeanie Buss in a statement. "As our head coach, Bill led us to our first championship in Los Angeles, and he was an important contributor to the 10 championship teams that followed. For the last 34 years, his importance to Dr. Buss and our family, and for the last 42 years to the Lakers organization, cannot be measured in words. His knowledge and passion for the game were unsurpassed, and the Lakers and our fans were beneficiaries of that. Despite his greatness as a player, coach and executive, Bill was one of the sweetest, nicest and most humble people I've ever known. He was truly one of a kind. On behalf of our organization, the Buss family, and the entire Lakers family, I send my condolences, prayers and love to Joyce and the Sharman family."

"Bill Sharman was a great man, and I loved him dearly," said Lakers General Manager Mitch Kupchak in a statement. "From the time I signed with the team as a free agent in 1981 when Bill was General Manager, he's been a mentor, a work collaborator, and most importantly, a friend. He's meant a great deal to the success of the Lakers and to me personally, and he will be missed terribly. My love and sympathy go to Joyce and Bill’s family."

In the summer of 1971, Jack Kent Cooke hired Sharman to coach the Lakers. Seven times between 1962 and 1970, the Lakers had reached the NBA Finals without winning, losing to the Celtics six times in the championship series.