The Hall of Fame coach had been diagnosed with pancreatic cancer in February. He died in Jupiter, Florida, with his family at his side.
Daly coached the Pistons to NBA championships in 1989 and 1990. Two years later he directed the Dream Team led by Michael Jordan, Larry Bird, Magic Johnson and Charles Barkley to the gold medal in Barcelona.
The team, which also included Clyde Drexler, Patrick Ewing, Karl Malone, Chris Mullin, Scott Pippen, David Robinson and John Stockton, is considered by many the greatest basketball team ever assembled.
Daly, affectionately nicknamed "Daddy Rich" by his Pistons players for his dapper suits, compiled a 638-437 record in 14 NBA seasons and was inducted into the Basketball Hall of Fame in 1994.
He coached the Pistons for nine years and was also head coach at Cleveland, New Jersey and Orlando. He retired in 1999.
The National Basketball Coaches' Association (NBCA) in April announced it had dedicated the 2009 NBA playoffs to Daly. Coaches throughout the playoffs have been wearing lapel pins with the initials "CD" as a show of support for him.
"You hear players all the time say that Oscar Robertson, Wilt Chamberlain, Michael Jordan, Dr. J (Julius Erving) or Larry Bird kind of paved the way for the current NBA players to make the type of money they make or live the lifestyle they live," Cavaliers coach Mike Brown said recently.
"And Chuck Daly has done the same thing for guys like myself.
"He's allowed us to make the salaries we make. He's allowed us to, in people's eyes, be held in a high regard in terms of the level of where we're coaching at.
"Without pioneers like him, guys that paved the way for guys like us, we wouldn't be enjoying the fruits of their labor like we are right now."
Boston Celtics coach Doc Rivers succeeded Daly as coach of the Orlando Magic in 1999.
"He's meant a lot to me personally," Rivers said. "My first job was following Chuck Daly. He's been an advisor to me my whole coaching career."
